$BTC

Bitcoin (BTC) Price Prediction Based on Technical Indicators

## **Current Price**: $116,583.27 (≈ ₹33,094,492.85)

- **24h Range**: $114,259.00 (Low) to $116,828.93 (High)

- **Key Indicators**:

- **RSI(6)**: 74.38 (Overbought)

- **Stochastic RSI**: 91.52 (Extremely Overbought)

- **MACD**: Bullish (DIF > DEA, histogram rising)

- **OBV**: -73,802.17 (Weak selling pressure)

- **Parabolic SAR (0.02, 0.2)**: Support at $113,380.67

## **Predicted Scenarios**

# **Upside (Bullish)**:

1. **Immediate Resistance**: $116,829 (24h High)

- Break above could target $118,000.

2. **Next Target**: $119,800 (SAR upper bound)

- Strong resistance; may trigger profit-taking.

3. **Extended Rally**: $122,000 (Psychological level)

- Requires high volume and sustained momentum.

# **Downside (Bearish)**:

1. **Initial Support**: $113,381 (SAR support)

- Hold here suggests consolidation.

2. **Next Support**: $110,000 (Psychological level)

- Break risks drop to 24h low ($114,259).

3. **Deeper Correction**: $108,000 (Previous swing low)

- Likely if RSI cools from overbought zone.

## **Key Observations**:

- **Short-term**: Overbought signals (RSI, StochRSI) hint at potential pullback.

- **MACD Bullishness**: Supports upside if BTC holds above $113,381.

- **Volume**: Low OBV suggests weak conviction; watch for breakout volume.

**Actionable Insight**:

- **Bullish**: Enter long if BTC breaks $116,829 with high volume.

- **Bearish**: Short if price drops below $113,381 (confirm with RSI < 70).

**Timeframe**: Next 24–48 hours likely choppy; watch 4h MACD for trend confirmation.