Stock market information for Bitcoin (BTC)
- Bitcoin is a crypto in the CRYPTO market.
- The price is 109433.0 USD currently with a change of 447.00 USD (0.00%) from the previous close.
- The intraday high is 110170.0 USD and the intraday low is 108933.0 USD.
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✅ *Uptrend Continues: 7th Consecutive Weekly Green Candle*
Bitcoin has closed its *7th consecutive weekly green candle*, marking a *2.39% gain* last week. This achievement represents the *highest weekly closing in Bitcoin's history*. The last occurrence of 8 consecutive green candles was in *October/November 2023*.
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✅ *Support and Resistance Levels*
- *Support Zones*:
- *100,000*: A psychological support level.
- *93,000*: Aligns with historical trade ranges and moving averages.
- *Resistance Levels*:
- *$125,000*: Identified at the upside trend line, serving as a significant resistance point.
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✅ *MACD Bullish Crossover*
The *Moving Average Convergence Divergence (MACD)* indicator on the weekly chart has shown a bullish crossover, where the MACD line crosses above the signal line. This pattern is often interpreted as a signal of upward momentum.
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✅ *RSI Breakout*
The *Relative Strength Index (RSI)* has broken a long-term downtrend line and is currently around *68*, indicating strong bullish momentum. Historically, RSI levels have reached up to *85* during bull markets, suggesting potential for further upward movement if Bitcoin surpasses *109,000* this week.
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⚠️ *Profit Booking Correction*
Last week witnessed a tussle between bulls and bears, but the bulls managed to hold the *102,000* support level and break the previous all-time high. This momentum could propel Bitcoin's price towards the *125,000* resistance level.
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🧠 *Summary*
- *Trend*: Bullish
- *Support Levels*: ~100,000,93,000
- *Resistance Level*: 125,000
- *One-Year Target*:180,000 - $250,000
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🔑 *Key Market Factor*
*U.S. Trade Policies*: Discussions around *Trump's tariffs* are resurfacing, potentially introducing short-term volatility into the markets.
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*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.*
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