Technical Analysis $BTC

Let’s dive into the charts and key levels:

200-Day Moving Average (MA): Sitting around $85,000, this is a critical support level. Bitcoin is currently above it, which is generally a bullish signal. Holding above $85,000 could pave the way for upward momentum.

Resistance: The $88,000 level has acted as a ceiling recently. A breakout above this could push BTC toward $90,000.

Support: If the price dips, $85,000 (near the 200-day MA) is a key level to watch, with deeper support around $73,500.

On the hourly chart, Bitcoin has been ranging between $86,000 and $88,000 lately. The Relative Strength Index (RSI) is at 55, indicating neutral momentum—no overbought or oversold signals yet. Trading volume will be crucial: rising volume on an upward move supports a bullish case, while increasing volume on a drop could signal bearish pressure.