Here's my Bitcoin (BTC) technical analysis as of Saturday, May 10, 2025:
Current State:
- Trend: Strongly Bullish¹ ² ³
- Pattern: Rising trend channel with no immediate resistance⁴
Indicators:
- RSI: 73.86, indicating overbought conditions and potential pullback
- MACD: Bullish signal
- 71.43% of moving averages signals are bullish
Price Targets:
- Immediate resistance: $105,500
- Next resistance: $106,000
- Support levels: $93,000, $92,549.70 USD
- Potential long-term target: $110,000+
