$BTC BTC/USDT here’s a pro-level technical analysis and prediction:
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🧠 Technical Indicators Overview:
1. Current Price:
$110,035.50 (+2.29%) — This shows bullish momentum in the short term.
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2. Parabolic SAR (PSAR):
• Dots are below the candles, indicating a bullish trend.
• Most recent SAR value is 111,872.41 — this acts as a trailing stop for the upward trend.
📌 Interpretation: Uptrend is still in play; no reversal signs from SAR yet.
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3. Candlestick Pattern:
• Series of green candles with higher highs and higher lows = classic bullish behavior.
• Recent upper wick near 111,980.00 suggests some resistance/selling pressure there.
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4. Moving Averages (MA5 & MA10):
• MA(5) ≈ 20,650.77, MA(10) ≈ 23,560.13 — these seem mislabeled but may refer to volume MA or wrongly scaled.
• On price charts, both MAs are curving upward.
📌 Interpretation: MAs support a continued uptrend unless sharply reversed.
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5. Stochastic RSI (StochRSI):
• StochRSI: 18.08, MastochRSI: 20.36 — these are in oversold territory.
📌 Interpretation: Price may rebound strongly, supporting continued upside.
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6. MACD:
• MACD: -61.14, DIF: 3,817.05, DEA: 3,878.19 — MACD is still negative, but lines are converging.
📌 Interpretation: Possible bullish crossover incoming.
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7. Volume:
• Recent volume spikes on green candles suggest accumulation, not distribution.
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🎯 Key Levels to Watch:
Level Type Price (USDT)
Immediate Support 106,198.89
Strong Support 99,016.26
Resistance (1) 111,980.00
Resistance (2) 113,381.53
Price Target 1️⃣ 114,500 – 116,000 (short-term if resistance breaks)
Price Target 2️⃣ 120,000+ (medium-term continuation)