$BTC đ BTC/USDT Update: Key Support & Resistance Levels Revealed! đđ
Bitcoin is currently trading at $113,950, showing a slight dip of -0.28% on the weekly chart. But the real action lies in the support and resistance zones đđ
đ Resistance Zone: The chart indicates a strong resistance near $123,218. BTC attempted to break past it but faced rejection â signaling seller dominance around that level. A breakout above this could ignite a bullish rally toward $130K+ đ
đ Support Zone: On the flip side, $97,000â98,000 is acting as a critical support zone, aligned with the 10-week moving average (MA10) and MA5 levels. If BTC stays above this range, it may consolidate for another push upwards. But a breakdown could trigger a deeper correction.
đ§ Technical Indicators:
EMA(7), EMA(25), EMA(99) are tightly converged â suggesting indecision or a possible trend shift.
MACD still shows bullish momentum, though slightly weakening.
Volume remains stable, but traders should watch for spikes as signals for bigger moves. đđ
đ TL;DR:
đş Resistance: $123,218
đť Support: $97,000â98,000
đŻ Eyes on weekly candle close & volume confirmation.
â ď¸ Always manage risk and use stop-loss orders while trading. This zone is crucial for Bitcoinâs next big move!
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