$BTC
Bitcoin (BTC) Technical Analysis ๐
*Current Price and Key Levels ๐*
- *Current Price*: $85,670
- *24h High*: $86,136
- *24h Low*: $82,862
- *Major Support*: $82,862
- *Major Resistance*: $89,357 (EMA 99)
*Technical Indicators ๐*
- *EMA Trends*:
- EMA(7): $84,603 (short-term momentum is slightly bullish)
- EMA(25): $85,423 (crucial level near current price)
- EMA(99): $89,357 (strong resistance level)
- *Volume*: 24H volume shows decent liquidity, indicating potential for increased volatility
*Price Action and Outlook ๐*
- *Price Action*: BTC is recovering from a recent low of $76,606
- *Short-Term Outlook*:
- *Bullish Scenario*: Hold above $85,423, test $87,500-$89,000
- *Bearish Scenario*: Fail to hold $85,423, drop toward $83,000-$82,000