#BTCReserveStrategy
📊– Bitcoin (BTC) 1-Month Technical Analysis (+ Visual Preparation)
🔎 Current Market Value
Bitcoin is currently trading at approximately 115,200 USD. Although there have been slight pullbacks in recent weeks, a ~6% upward trend on a monthly basis is noteworthy.
📊 Technical Assessment (Last 1 Month)
According to TradingView & Investing.com data: overall “Buy” signals in weekly and monthly indicators, while a strong “Strong Buy” trend is observed in the short term.
TipRanks:
MACD, RSI, and a series of oscillators (Williams %R, CCI) indicate a “Buy” signal in USD terms.
However, the 5-, 10-, and 20-day EMAs are above the price, producing a “Sell” signal; meanwhile, the 50/100/200-day EMAs are still below the price and signaling “Buy”.
Barchart data:
The 20-day average at 116,280 USD and the 50-day average at 112,900 USD are critical levels.
The price is around 114,300 USD; RSI ~42, ADX ~27 – these create neutral to slightly selling pressure signals.
Formation signals:
The cup-and-handle formation may have formed in recent weeks → technical analysts expect a rise of about 14% ($134,500) more.
Another strategist predicts that if Bitcoin clears the $114,000 resistance, it could rise by 25% to as much as $143,000.