$BTC
Technical Analysis for BTC/USDT – 15-Minute Frame (May 2, 2025)
Current Price: 96,954.74 USDT
General Trend:
It appears that #Bitcoin is moving in an upward trend in the short term, after a clear bounce from a strong support area at 96,184 USDT.
Important Technical Levels:
• Near Support: 96,700 – 96,184
• Next Resistance: 97,309 then 97,424
Moving Averages (MA):
• The price has broken through the MA(7), MA(25), and MA(99) moving averages, reinforcing the positive outlook.
RSI Indicator:
• RSI(6) at 66.65 indicates strong buying momentum, but is close to overbought.
• No signs of weakness currently, but caution for volatility is warranted.
Trading Volumes:
• A clear increase in trading volume coinciding with the rise, which enhances the credibility of the movement.
Conclusion:
The market currently leans towards positivity with the potential to target higher resistances, but it is advisable to monitor the RSI for any reversal signals in the short term
