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#LaunchpadWars The BTC/USDT chart on the 8-hour timeframe shows a recent downward movement, with the price at $102,208.06, down 1.43%. The 9 EMA (green) has crossed below the 20 EMA (purple), indicating a potential bearish trend. The Relative Strength Index (RSI) is at 34.67, approaching oversold territory, which may signal a reversal or continued selling pressure. The price has dropped near a support level around $100,966. A break below this could lead to further downside toward $98,229. Traders should watch for volume confirmation and EMA behavior for short-term trend direction. Caution is advised due to the bearish indicators forming. $BTC
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$BTC The BTC/USDT chart on the 8-hour timeframe shows a recent downward movement, with the price at $102,208.06, down 1.43%. The 9 EMA (green) has crossed below the 20 EMA (purple), indicating a potential bearish trend. The Relative Strength Index (RSI) is at 34.67, approaching oversold territory, which may signal a reversal or continued selling pressure. The price has dropped near a support level around $100,966. A break below this could lead to further downside toward $98,229. Traders should watch for volume confirmation and EMA behavior for short-term trend direction. Caution is advised due to the bearish indicators forming.
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#CryptoRegulation The BTC/USDT chart on the 8-hour timeframe shows a recent downward movement, with the price at $102,208.06, down 1.43%. The 9 EMA (green) has crossed below the 20 EMA (purple), indicating a potential bearish trend. The Relative Strength Index (RSI) is at 34.67, approaching oversold territory, which may signal a reversal or continued selling pressure. The price has dropped near a support level around $100,966. A break below this could lead to further downside toward $98,229. Traders should watch for volume confirmation and EMA behavior for short-term trend direction. Caution is advised due to the bearish indicators forming.
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#TrumpTariffs that's trump current position
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$BTC BTC/USDT Price Analysis (May 14, 2025) Current Price: ₹103,449.04 24h Change: +0.63% 24h High: ₹104,976.25 24h Low: ₹102,540.18 Timeframe: 1 Hour Exchange: Binance Technical Overview: BTC/USDT recently experienced a local high near ₹104,976 before pulling back to the current level around ₹103,449. This correction has brought the price just below the 20-period Exponential Moving Average (EMA20), currently at ₹103,740.84, while the 9-period EMA (EMA9) sits slightly higher at ₹103,762.60. The EMA crossover—where EMA9 is starting to dip below EMA20—may indicate weakening short-term momentum, hinting at a possible bearish shift in the hourly trend. Support and Resistance Levels: Immediate Resistance: ₹103,740 (EMA20) Stronger Resistance: ₹104,976 (Recent high) Immediate Support: ₹102,812 Major Support Zone: ₹101,429 (Recent swing low) Relative Strength Index (RSI): The 6-period RSI is at 32.29, approaching the oversold region. This suggests that while bearish momentum is picking up, the price may soon hit a support level or experience a relief bounce. Market Sentiment: Current sentiment appears cautious. The price is consolidating after a strong upward move, and selling pressure has slightly increased. If the price breaks below ₹102,812, it could trigger further downside. However, holding above this level could indicate a potential reversal.
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