$BTC
Technical Analysis:
1. General Trend:
The trend is currently clearly upward.
The price has risen from around 2477.73 to a peak of 2798.76 in a short period.
The Japanese candlestick indicator shows strong green candles, indicating high buying momentum.
2. Parabolic SAR Indicator:
Yellow dots below the price = indication of the continuation of the upward trend.
No reversal in the trend has appeared so far, indicating that the rise is still ongoing.
3. Moving Averages (MA):
MA 5 (in yellow) above MA 10 (in purple) = bullish signal.
Both moving averages are on the rise, reinforcing the upward trend.
4. Volume:
Trading volume has increased significantly in the last candle, reflecting strong liquidity inflow and supporting the continuation of the rise.
5. Resistance and Support:
Current highest resistance: 2798.76 (highest peak in 24 hours).
Nearest support: 2673.56 then 2602.93.
The current price of 2773.23 is close to resistance, and a correction may occur before continuing to rise.
6. Price Performance over Time:
7 Days: +7.32%
30 Days: +7.60%
90 Days: +42.73%
Annual performance is still negative (-25.19%).
📈 Summary:
🔼 The trend is upward at the moment.
🔥 There is strong buying momentum supported by trading volume and technical indicators.
⚠️ Approaching the resistance zone (2798.76) may lead to a temporary correction.
