#DYMBinanceHODL Technical analysis of Bitcoin: key levels to consider.
Bitcoin has shown a trend reversal in a ‘V’ shape, after falling from its recent peak of $110,789 to a low of $98,240. The rebound has occurred through small green candles, indicating that bullish momentum persists, although it is beginning to show signs of weakening.
👉The key technical levels to watch currently are as follows:
👉$109,000: represents the most important resistance in the short term, as the price was rejected at this level on June 25. If BTC surpasses this ceiling, it could pave the way for new all-time highs.
👉$105,000: a drop below this psychological level would imply that the bullish trend has weakened and could lead to a pullback toward the $100,000 area.
The RSI is at 49 points, suggesting a balance between buyers and sellers. The next direction of the price is not yet clearly defined.