$BTC 100% Real Time Prediction
BTC/USDTLtp 116317.98
bullish
BUY
Entry116320Target117000Stop Loss116100
70%
Trade Confidence
SupportsResistances
115500114800114000
116800117500118200
Chart Patternsbullish engulfingascending triangle
Additional Analysis
The BTC/USDT chart displays a bullish engulfing pattern, indicating strong buying pressure. This is further supported by the formation of an ascending triangle, suggesting a potential breakout above the resistance level. The current sentiment is bullish, reinforced by technical indicators such as the RSI being above 70, signaling overbought conditions, and the MACD showing a bullish crossover, indicating upward momentum. Additionally, the price is trading above both the 50 and 200 moving averages, reinforcing the bullish outlook. Support levels are well-defined, providing a buffer for potential pullbacks, while resistance levels offer clear targets for profit-taking. Given the strong technical indicators and chart patterns, the recommendation is to buy at the entry price with a target price set at a safe distance above the entry, ensuring a favorable risk-reward ratio.
