Signs of another Pullback before a recovery of $BTC
The chart displays a recent downtrend pattern, with the price having reached a low of $76k before starting a recovery. The nearest resistance is at the short-term moving average and in the middle Bollinger band region, which may represent a barrier to the continuation of the upward movement.
The bands are widening, indicating volatility in the market. The price is recovering after touching the lower band, suggesting a possible short-term reversal.
The DIF (-3.07) and DEA (-3.15) show that the market has been in a downtrend recently.
The MACD (82.9) indicates that there may be a crossover upward soon, which would be a signal of a possible reversal to bullish.
The daily trading volume was high $BTC , indicating a significant level of activity in the market. There was a volume spike during a downturn, possibly indicating capitulation or buyers entering in search of support.
BTC shows signs of attempting to recover after reaching a recent low. Immediate resistance is at the $85k region, where the moving average and the middle Bollinger band may act as barriers. The most relevant support is at $81k. Volatility has increased, and the MACD suggests a possible bullish crossover, which may indicate a reversal if the price surpasses nearby resistances.
