๐ Bitcoin Analysis โ RSI Divergence Hints at Reversal Risk ๐
๐ฅ Bitcoin (BTC) remains the king of crypto, but recent price action shows signs of exhaustion. As a macro asset and institutional favorite, BTCโs current setup demands close attention.
๐ Technical Analysis
- Short-Term Trend: Sideways with bearish undertone
- Support Levels: $107,800 and $105,200
- Resistance Levels: $110,500 and $112,300
- Pattern: Rising wedge breakdown in progress
- Volume: Declining on recent rallies
- Indicators:
- RSI: 54, showing bearish divergence
- EMA20 crossing below EMA50
- Outlook: BTC may retest $107,800 if momentum fails to reclaim $110,500
๐ฐ Market Data & News
- Current Price: $109,297.33
- 24h Change: -0.84%
- 24h High/Low: $110,120.00 / $108,450.00
- Volume: $2.90B
- No major headlines, but ETF flows remain a key macro driver
๐ Scenario Breakdown
- ๐ข Bullish Case,500 with RSI >60 and volume surge
- ๐ด Bearish Case: Breakdown below $107,800 confirms wedge failure
๐ Sentiment Meter
๐ Bearish Bias
โ ๏ธ Risk Level
๐ก Medium โ Momentum fading near resistance
๐ฌ Audience Engagement
Will BTC reclaim $110,500 or slide toward $107,800? Drop your forecast below ๐
๐ Closing Paragraph
Bitcoinโs current wedge breakdown and RSI divergence suggest may attempt a reclaim, the setup favors short-term downside unless volume returns. Traders should stay nimble and watch key levels.
๐ข Not financial advice. Always do your own research before trading.
๐ท๏ธ #BTC #CryptoOutlook
