🚀 Bitcoin’s Next Move: Approaching Key Resistance Levels

Hello Binance Square community!

I’m Miniman28, a crypto enthusiast and content creator. Starting today, I’ll be sharing daily insights into the crypto market.

Let’s kick things off with an analysis of Bitcoin ($BTC ): 

Current Price: $84,562 USD

24h Change: +0.93%

Intraday Range: $83,784 – $85,675

Support Levels: $83,000, $80,000

Resistance Levels: $85,000, $87,000

MACD: Bullish crossover confirmed

RSI (14): 59.11 – Neutral to bullish

Moving Averages: 11 out of 12 indicators suggest a “Buy” signal 

Bitcoin is currently trading within a narrow range of $83,000 to $85,000. Analysts suggest that a sustained move above $85,000 could signal a bullish breakout, targeting the $87,000–$90,000 range. Conversely, a dip below $83,000 may indicate a bearish trend, with potential support at $80,000. 

My Take:

I’m closely monitoring BTC’s movement around the $85,000 resistance level. A decisive break above this could pave the way for further gains. However, caution is warranted if BTC fails to maintain support at $83,000. 

Stay tuned for more updates, and feel free to share your thoughts! 

#Bitcoin #BTC #CryptoAnalysis #BinanceSquare #Miniman28