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๐ Bitcoin Analysis Now | A Critical Crossroads!
The current price is approaching $118,000, after a period of strong volatility and gradual rise. The market is in a state of cautious anticipation, especially with significant psychological and technical resistance levels approaching.
๐ Quick Technical Overview:
โ General Trend: Bullish
๐ข Price above moving averages (50 and 200 days)
โ ๏ธ Relative Strength Index (RSI): Near overbought territory
๐ Positive crossover in momentum indicators may indicate continued upward movement
๐งฑ Supports and Resistances:
Strong Support: $113,000 โ $115,000
Current Resistance: $120,000
In case of a breakout: We might witness a surge towards $130,000 or even $140,000 in the medium term
๐ฆ Possible Scenarios:
1. Continued ascent: If the $120K level is consistently broken, momentum will favor the buyers
2. Temporary correction: If the breakout fails, we may return to test the $114Kโ$112K levels before any new upward movement
๐ง Advice for Observers:
Do not rush into the market now. Itโs better to wait for a confirmation of the breakout or enter from support areas after a correction.
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๐ฌ What do you think? Do you believe Bitcoin can surpass $120K this week?
Share your prediction in the comments! ๐๐
#Bitcoin #Technical_Analysis #Bitcoin #CryptoAnalysis
$BTC
The current price is approaching $118,000, after a period of strong volatility and gradual rise. The market is in a state of cautious anticipation, especially with significant psychological and technical resistance levels approaching.
๐ Quick Technical Overview:
โ General Trend: Bullish
๐ข Price above moving averages (50 and 200 days)
โ ๏ธ Relative Strength Index (RSI): Near overbought territory
๐ Positive crossover in momentum indicators may indicate continued upward movement
๐งฑ Supports and Resistances:
Strong Support: $113,000 โ $115,000
Current Resistance: $120,000
In case of a breakout: We might witness a surge towards $130,000 or even $140,000 in the medium term
๐ฆ Possible Scenarios:
1. Continued ascent: If the $120K level is consistently broken, momentum will favor the buyers
2. Temporary correction: If the breakout fails, we may return to test the $114Kโ$112K levels before any new upward movement
๐ง Advice for Observers:
Do not rush into the market now. Itโs better to wait for a confirmation of the breakout or enter from support areas after a correction.
---
๐ฌ What do you think? Do you believe Bitcoin can surpass $120K this week?
Share your prediction in the comments! ๐๐
#Bitcoin #Technical_Analysis #Bitcoin #CryptoAnalysis
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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