"What’s Next for Bitcoin (BTC)? — Analysis for May 8, 2025" 🔥🔥
Technical Analysis:
Bitcoin is currently trading around $63,400.
In the past 24 hours, it has held strong above the $62,000 support level, which is a bullish signal.
Key Technical Levels:
Support: $62,000
Resistance: $64,800 – A breakout here could push price towards $66,500
RSI (4H): 58 – Neutral moving toward bullish
MACD: Bullish crossover (indicates buying pressure)
Trade Idea (Futures):
Entry: $63,500
Target 1: $64,800
Target 2: $66,500
Stop Loss: $62,400
Leverage (use with caution): 5x – 10x
Note:
This analysis is for educational purposes only. Always do your own research before trading.
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