$BTC 🚀🤑
🚨(BTC/USDT) Bitcoin technical analysis indicates upward momentum, with expectations of a price increase. However, it is important to monitor key support and resistance levels to accurately determine the trend.
📉$Analysis Summary$:
Overall momentum: indicates a moderate upward trend.
Current price: 117,735.12 USDT.
Forecast to increase the price by 13.19% to reach 125,509.12 dollars.
"Technical Indicators": Technical indicators show a neutral upward trend of 67%, with a greed score of 71.
*Resistance Levels*: The area between 110,500 and 112,000 dollars is considered a strong selling zone according to TradingView.
"Support Levels": The area between 104,000 and 105,500 dollars is considered a short-term support zone.
¥Scenarios¥:
"Bullish": Breaking above the 112,000 dollar level and holding above it with a first target at 115,000-116,000 dollars.
*Bearish*: Failing to break above 112,000 and showing rejection candles with a breakdown below 107,500 then 105,000, with a target at 98,500 then 93,000.
"Additional Analysis":
*Buying Power*:
A break above the 110,000 dollar resistance level may indicate strong upward momentum.
*USDT Impact*:
The price of USDT may affect the price of Bitcoin, as it shows a significant negative impact on BTC prices when changes occur in the USDT price.
📝"Historical Performance":
An investment of 1000 dollars in Bitcoin in 2015 could have grown to 408,108 dollars.
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