$BTC

Technical analysis of Bitcoin BTC/USDT

Current price 115580 dollars

Moving averages

The price is moving above EMA 99 at 114916, which is considered a positive signal

EMA 7 and EMA 25 are very close to the price, reflecting that the market is in a short-term balance

Candles and price

After the drop from the peak of 117429, the price rebounded from the bottom of 111684 and began a gradual rise

Now it is moving horizontally with a slight upward trend

Technical indicators

Stoch RSI is at 97 and is in the overbought area, which may cause a short correction

Williams R indicator is also close to the overbought area

OBV indicator shows the beginning of liquidity entering but not very strong

Supports and resistances

First support 115000

Second support 113900 then 111700

First resistance 116450

Second resistance 117400

Short-term forecasts

If it stabilizes above 115000, it may continue to rise to test 116450 then 117400

If it breaks 115000, the price may return to test 113900 or even 111700