🪛🪛🪛🪛Technical Analysis for Bitcoin BTC/USD🪛🪛🪛🪛

Current price: 115,580 USD 👁️👁️👁️

Moving Averages

The price is moving above EMA 99 at 114,916, 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 equilibrium

Candlesticks and Price Action

After the drop from the peak at 117,429, the price rebounded from the bottom at 111,684 and started a gradual rise

Currently, it is moving sideways with a slight bullish tendency

Technical Indicators

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

Williams %R is also close to the overbought zone

OBV shows the beginning of liquidity inflow, but not very strong

Support and Resistance Levels

First support: 115,000

Second support: 113,900, then 111,700

First resistance: 116,450

Second resistance: 117,400