TECHNICAL ANALYSIS of BITCOIN (BTC)
1. SUPPORT and RESISTANCE LEVELS BTC
Support Price: 84,290 USD.
Resistance Price: 85,350 USD.
Conclusion: Bitcoin is currently testing the resistance at 85,350 USD. If the price exceeds this level, there may be a significant upward movement. The support at 84,290 USD should be monitored, as a break below this level may indicate weakness.
2. TECHNICAL INDICATORS.
Conclusion: The technical indicators show a bearish trend in the short term, with the RSI indicating that Bitcoin may be oversold. The current situation requires caution, as selling pressure may continue.