🪙🪙#bitcoin #BTC 🪙🪙
In the last three days, #Bitcoin❗ Bitcoin (BTC) has shown significant movements in its price. Below is a detailed technical analysis:
🏦Recent Price Summary:
Current Price: $99,169.00
Daily Change: -$2,661.00 (-2.61%)
Intraday High: $102,276.00
Intraday Low: $98,188.00
📊📉Technical Analysis:
Overall Trend: According to TradingView, the summarized technical rating for Bitcoin is sell. However, it is important to note that market conditions are constantly changing. In the weekly analysis, a buying trend prevails, and the monthly rating shows a buy signal.
📶Moving Averages: Investing.com analysis indicates a strong buy signal in moving averages, with 12 indicators in buy and none in sell.
🧮Technical Indicators:
RSI (Relative Strength Index): 65.24 (Buy)
MACD: 902.4 (Buy)
ADX: 41.53 (Buy)
Williams %R: -0.7 (Overbought)
CCI: 84.70 (Buy)
🔛Supports and Resistances:
Immediate Support: $98,188.00
Key Resistance: $102,276.00
✅Entry Strategies:
Long Entry (Buy): If the price surpasses and consolidates above the resistance of $102,276.00, it could be considered a long entry, with targets at $105,000.00 and $107,500.00.
Short Entry (Sell): If the price falls below the support of $98,188.00, a short entry might be evaluated, targeting levels of $95,000.00 and $92,500.00.
Conclusion:
Bitcoin has shown notable volatility in recent days, with mixed technical signals. It is essential to monitor the mentioned support and resistance levels, as well as the technical indicators, to make informed decisions. Given the volatile nature of the cryptocurrency market, proper risk management is recommended when considering trades with BTC.