$BTC/$USDT: Is the next breakout coming?
The current daily chart of $BTC /$USDT shows an exciting situation:
After the high at $111,980, the price has gone into a correction and is now hovering around $105,243 – near the short-term support zone at $104,300.
What stands out:
- The price is below the MA(7) and below the MA(25) – this indicates a consolidation in the short term.
- At the same time, the MA(99) remains significantly lower at around $94,218 – the long-term uptrend is therefore still intact.
- The RSI values are moving between 41 and 53, which rather indicates a neutral to slightly oversold situation, with no extreme momentum currently.
- The volume is average, without clear accumulation – the market is apparently waiting for a new signal.
It will be exciting when the price surpasses the $107,000 mark again, where the MA(7) is also located. A breakout could trigger the next upward impulse.
What do you think of the current setup at $BTC/$USDT?
Are you waiting for the retest below $104k or are you re-entering upon confirmation above $107k?
