• Bullish Breakout: .. Bitcoin has broken out of the consolidation range that lasted for a week between '$83,000 and $86,000', indicating strong upward momentum ..
• 30-Day Exponential Moving Average: .. The price has surpassed this average, which strengthens positive expectations ..
• Support and Resistance Levels: ..
Support: $84,303, $83,510, and $83,001 ..
Resistance: $85,604, $86,113, and $86,906 ..
• Fear and Greed Index: .. The index shows a state of 'fear' which may indicate potential buying opportunities for investors who follow a 'contrarian' strategy ..
• Future Expectations: ..
According to 'CoinDesk' analysis: .. Bitcoin is expected to target the range between $90,000 and $92,000, which was previously a strong support area … |