BASIC TECHNICAL ANALYSIS #BTC
1. Current Price and Range
Current price: $82,471.92 (+3.34% in the last 24h).
Maximum in 24h: $83,333.00
Minimum in 24h: $78,464.36
The price is at the high end of the daily range, which suggests recent buying pressure.
2. Key Resistances and Supports
Nearby resistance: $83,588 (marked on the chart).
Relevant support: $80,046.80 (marked horizontal line).
Other levels that could act as support if there is a pullback: $78,049.20 and $76,051.60.
3. RSI Indicator (Relative Strength Index)
Current value: 60.25
This indicates that it is not yet overbought (which would be >70), but it is in a strength zone.
4. Volume and Moving Averages
A volume spike was observed around April 10.
MA(5): 1,976.36
MA(10): 1,810.75
The MA(5) is above the MA(10), which confirms bullish momentum in the short term.
5. General Trend
The trend in this 4h timeframe shows a clear recovery after a previous decline.
Previous resistances were broken, and they are becoming supports (healthy market structure).
Conclusion
Trend: Bullish in the short term.
Current zone: Near resistance. If it breaks and consolidates above $83,588, the rally could continue.
Caution: If it loses the support of $80,046, we could see corrections towards $78,000 or lower.