$BTC
Bitcoin (BTC) Technical Analysis – Trend and Key Levels
Bitcoin remains volatile as it searches for a clear direction. Here are the key points from our latest technical analysis:
🔹 Current Trend: BTC is trading above the 50-day Exponential Moving Average (EMA 50), indicating a medium-term bullish trend. However, the key resistance at $103,200 needs to be broken for further upside potential.
🔹 Support & Resistance Levels:
Main Support: $100,000 – A crucial level that must hold to prevent further downside.
Key Resistance: $103,200 – Breaking this level could lead to a retest of $106,500.
🔹 Technical Indicators:
RSI: Currently around 60.9, indicating BTC is in a neutral to slightly bullish position.
MACD: The Moving Average Convergence Divergence (MACD) indicator has recently crossed into bullish territory, suggesting increasing upward momentum.
A breakout above $103,200 could signal further upside toward $106,500, while a rejection may lead to a retest of the critical $100,000 support. Stay cautious and follow the trend!
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