$BTC
๐ฐ Current Price:
Price: $85,296
Highest Price Today: $85,675
Lowest Price Today: $84,031
**Daily Change: +0.84%**
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๐ Technical Analysis:
Overall Trend: The price is moving sideways between $83,000 and $85,000.
Major Resistance: $85,500 โ Breaking this level could push the price towards $90,000.
Strong Support: $73,000 โ Breaking this could lead to a drop towards $62,500.
Technical Indicators: Improvement in momentum with a breakout of the downtrend line, indicating the possibility of a bullish breakout.
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๐ฐ Influencing Factors:
Trade Tensions: President Trump's announcement of tariff exemptions on phones and computers has stabilized the markets, supporting Bitcoin's stability.
Analysts' Forecasts: Some analysts expect the price to rise to $133,000 if support remains above $73,000.
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โ Recommendation:
Given the current data, it is advised to monitor the resistance level at $85,500. A breakout of this level may indicate the start of a new upward wave. Conversely, caution is advised if the price drops below $83,000, as this may indicate weakness in upward momentum.