$BTC /USDT Daily Chart Analysis

As of the current price: $83,730.28 (+0.12%)

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Key Levels to Watch:

Resistance Levels:

$84,300 – Recent 24H high; potential short-term resistance.

$88,200 – Next notable horizontal resistance zone.

$95,900 – Former support turned resistance.

$109,588 – Local high from February; major resistance.

Support Levels:

$80,780 – Current 24H low; immediate support.

$74,500 – Local bottom; if this breaks, could signal further downside.

$72,754 – Lowest recent support visible on the chart.

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Indicators Overview:

Volume – Fairly stable with occasional spikes. No aggressive buying volume yet, suggesting accumulation or indecision.

Moving Averages:

MA(5): $36,414.74 and MA(10): $35,801.77 seem outdated or misplaced — possibly short-term averages on a misconfigured scale or data error.

MACD:

MACD: 233.96, DIF: -1,181.09, DEA: -1,415.05

Bullish crossover likely happening now, suggesting early momentum build-up.

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Market Sentiment:

Neutral to Slightly Bullish

After the major dip from $109,588 to $74,500, Bitcoin appears to be forming a potential higher low, hinting at trend reversal or consolidation.

Recovery from $74K to current levels shows buyers stepping in, but resistance around $84K needs to break to confirm bullish continuation.

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Summary:

Bitcoin is currently in a recovery phase after a steep correction from the $109K region. Price is stabilizing and slowly climbing with signs of accumulation. If BTC breaks above $84,300, it could test $88,000–$95,000 in the coming days. However, failure to hold above $80,780 could drag price back toward the $74K zone.

Watch for volume confirmation and MACD bullish crossover for a stronger upside signal.

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