#whrite2earn ? Current Situation $BTC (General Analysis):
1. General Trend:
After the recent significant decline, Bitcoin seems to be in a "consolidation" phase or attempting to form a new price bottom.
2. Support and Resistance:
Strong Support: Between $57,000 to $59,000.
Fierce Resistance: Between $64,000 and $66,000.
3. Technical Indicators:
RSI (Relative Strength Index): Close to the oversold area, which may indicate a potential rebound.
MACD: Showing the beginning of a positive crossover, but needs confirmation.
Trading Volume: Relatively low, reflecting a state of hesitation between buyers and sellers.
🔮 Short-term Forecast (Days to Weeks):
Positive Scenario: If the price maintains the current support area, we may see a rebound towards $64,000.
Negative Scenario: Breaking the support may open the door for a drop towards $54,000 or lower.
📈 Long-term Forecast (3-6 Months):
If global economic conditions stabilize and institutional adoption continues, Bitcoin may gradually rise towards:
$70,000 - $75,000 as initial targets.
And possibly test historical peaks near $74,000+ by the end of 2025 if momentum returns strongly.
It is expected that the price will fluctuate around the strong support area ($59,000).
There is a possibility of gradual rebound with a breakout above resistance levels towards $63,500.
If the support is broken, we may see additional declines, but indicators suggest an attempt at stabilization.