$BTC Continuing to soar to a price around $94,000, What Next?🤔
The current price of Bitcoin is around $94,784.67, up +2.22% in the last 24 hours. After reaching a high of $95,758.04, the price seems to have experienced a slight rejection, but the technical structure remains bullish overall.
Some important points to note:
- EMA(13), EMA(21), and EMA(99) are still in golden alignment formation (ordered from top to bottom), meaning the short to medium-term trend remains strongly upward.
- RSI(6) is at 68.87 — approaching the overbought area but not extreme yet. This means there is still room for further upward movement, but be wary of potential quick retracement.
- MACD remains positive, but is starting to show weak signals in the histogram. Be cautious if the histogram continues to shrink or a negative crossover occurs.
- Stochastic KDJ is also beginning to curve downwards. This could be an early signal of light distribution or a short consolidation before moving upward (or even a correction).
Anyway, here is my Outlook $BTC version ➡️ $BTC
Disclaimer: Not Promotion & Not Financial Advice
