$BTC Technical Indicators:
Current Price: 95,324.16 USDT
Current Highest Peak: 95,758 USDT (Immediate Resistance)
Lowest Visible Bottom: 74,508 USDT (Strong Major Support)
EMA 99 (Exponential Moving Average): 88,413.46 (Currently acting as dynamic support)
RSI: 68.76 (Close to the overbought area of 70, indicating a potential correction soon)
MA(5) and MA(10) Averages: Show a positive crossover, reinforcing the upward trend.
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Support and Resistance Areas:
Resistance:
1. 95,758 USDT – Current Highest Peak, breaking through it may push the price to new levels such as:
2. Around 97,000 – 98,500 USDT (Potential Future Resistance based on upward momentum)
Support:
1. 92,500 – 93,000 USDT – Close support, representing a price pivot area.
2. 88,400 USDT – Crossover with EMA 99 line, strong technical support.
3. 84,000 USDT – Previous support not yet tested.
4. 74,508 USDT – Major support in case of a significant collapse.
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Overall Technical Reading:
The overall trend currently is upward, with clear positive momentum, but the approach of the RSI indicator to the overbought area suggests the possibility of a correction or temporary pullback before attempting to break through resistance again.
