$BTC đ Technical Analysis: BTC/USDT đ
Bitcoin is trading at $87,071.99, recording a slight drop of -0.46% in the last 24 hours. After reaching a recent peak of $109,588, the cryptocurrency has entered a correction phase and is now seeking support.
đ Technical Indicators:
âïž RSI (Relative Strength Index): 61.32 â Still in neutral territory, but close to overbought.
âïž Bollinger Bands: The price is testing the average, which may indicate a consolidation move before a new breakout.
âïž MACD: The MACD histogram remains positive at 855.09, suggesting that the uptrend has not completely lost strength.
âïž Stochastic RSI: 97.30 â Extremely high level, indicating a possible short-term correction.
âïž OBV (On-Balance Volume): Stable volume, with no significant changes in buying and selling pressure.
đź Conclusion:
đ BTC is consolidating after a significant rise. If it breaks $88,765, we may see a new test at higher levels.
đ If it loses support at $86,310, there is room for a drop to the $72,629 zone.
đ Caution is important, as the market is still volatile.
đą So, will Bitcoin break out or correct further? Leave your opinion in the comments! đđ„
