$BTC Bitcoin's current price is $84,723.34, with a 3.52% increase.
84,489.7
+0.83%
💥Key Price Levels
🔹️Short-term Support: $82,550
🔹️Other Support Levels: $81,400, $80,000, and $79,300
🔹️Resistance: $84,300
🔹️Other Resistance Levels: $84,900 and $85,400
💥Current Trend
Bitcoin is showing interesting price action on the 4-hour chart, trading near $67,002 in some analyses, but currently at $84,723.34. The market is consolidating, with potential support around $67,000 or $82,550.
💥Technical Indicators
🔸️Bollinger Bands: Bitcoin trades near the upper band, indicating high volatility. A break above this band could lead to a correction.
🔸️RSI: The Relative Strength Index is around 55-58, suggesting no overbought or oversold conditions.
🔸️MACD: The Moving Average Convergence Divergence shows bullish strength, but a decrease could indicate deceleration.
💥Trading Strategies
🔹️Long Trade: Consider buying if Bitcoin retraces to $89,200 or $82,550 with signs of a rebound, targeting $92,500 or $84,300.
🔸️Short Trade: Consider selling if Bitcoin reaches $92,500 or $84,900 with RSI close to 70, targeting $89,200 or $82,550.