$BTC In-depth analysis of BTC with technical indicators and Patterns:
Current price: ≈ $109,850 USDT
24 hr change: +0.91% (up from yesterday’s close)
Technical Indicators
RSI (14) on 4‑hr ≈ 58 → mild bullish momentum
MACD on 1‑hr just crossed above its signal line → short‑term buy
50‑day SMA reclaimed on daily → now acting as support
Chart Patterns
Bull‑flag on the 4‑hr chart: tight consolidation after a sharp pole, targeting a breakout toward $112k
Ascending‑triangle on the daily chart, with highs capped around $110,570 and rising lows → bullish continuation
Short‑Term Outlook (1 hr – 24 hr)
Likely to test $110,570 (upper triangle edge); a break → rapid push toward $112,000.
If fails, pullback to $108,500–109,000 (50‑day SMA zone) before another attempt.
Probability of Key Levels
TargetLikelihood (24 h)Rationale$112 k~50%Break of flag/triangle → squeeze$115 k~30%Needs sustained volume above $112k$120 k~10%Requires broader market rally & catalysts
Summary
Bitcoin has regained key moving averages and formed classic bullish patterns (bull‑flag, ascending‑triangle). A successful breakout in the next 24 hrs could see a run toward its old highs ($112k+), but watch for a pullback to $108.5k if momentum stalls.
Inshaallah BTC will break its ATH soon again.
