Current data:
Price: $79,659.45
Highest price (24 hours): $83,490.01
Lowest price: $78,481.56
Change rate: -4.25%
There was a strong drop in the past hours, but currently, there is a clear rebound from the bottom at $79,545.45.
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Quick technical analysis:
1. Bollinger Band:
The last candle broke the lower band and then returned above it, giving a temporary rebound signal.
The price is currently trying to return inside the band.
2. RSI:
RSI(5): 48.06 – rose from the oversold area, with slight upward momentum starting to form.
RSI(10) and (20) are still below 50, but are moving upwards.
3. MACD:
In a nearby bullish crossover, and MACD bars have started to turn green, indicating a potential beginning of upward momentum.
4. Candles:
A long green candle appeared after a series of declines, indicating strong buying and a potential rebound.
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Short-term forecast (next minutes):
Positive scenario (currently likely at 65%):
If support at $79,545 is maintained, the price may rise to test:
79,800
And if it surpasses it, the next target is around $80,100.
Negative scenario (35%):
If the price fails to break above $79,800 and falls back below $79,600, it may retest:
79,400
Then $79,200 as a nearby support level.