Technical Analysis of Bitcoin ($BTC /USDT)
The current price of Bitcoin is at 121,792.2 USDT, recording an increase of +3.95% in the last day. The chart shows that $BTC is trading close to its 24h high of 121,849 USDT, and very close to breaking its historical resistance around 123,300 USDT.
Key Indicators:
Bollinger Bands (BOLL): The price is touching the upper band (129,474 USDT), signaling bullish strength and buying pressure.
MACD: MACD line above the signal, confirming positive momentum.
RSI (71.51): Entering overbought territory, reflecting strong demand, although it also warns of possible short-term corrections.
Volume: High, confirming institutional and retail interest in this rise.
Operational Conclusion:
BTC is about to surpass its all-time high, and the bullish pressure suggests that a breakout could quickly lead us to new record levels. This is a moment where many traders are looking at the market with buying eyes, anticipating the definitive breakout.
💡 Strategy:
With a confirmed breakout above 123,300 USDT, the door to new profits opens. Maintain strategic stops below 118,000 USDT to manage risk.
🚀 Time to buy Bitcoin… the historical moment is near.
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