KumarNo1
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#MarketPullback
📊 Current Price and Technical Analysis (May 5, 2025)
Current Price:
Approximately $95,000 (BTC is trading around this level after a recent pullback recovery)
Resistance Levels:
$96,000: Recently tested and broken
$100,000: Psychological barrier and key resistance
Support Levels:
$94,000: Held during the latest pullback
$90,000: Strong support zone near the 50-day moving average
Technical Indicators:
RSI: Around 67, close to overbought territory, but still has upside room
MACD: Showing a bullish crossover
Volume: 24-hour trading volume at $38 billion, indicating strong market interest
🔄 Pullback and Future Outlook
Bitcoin recently experienced a pullback below $94,000, largely due to concerns over a 0.3% contraction in US GDP.
The price quickly recovered, signaling bullish momentum.
If $BTC breaks above $100,000, the next targets could be $107,000 and $113,000.
📈 Investor Advice
Long-term Investors:
Consider buying on pullbacks near $90,000 as long-term support holds.
Short-term Traders:
Be cautious around resistance levels at $96,000 and $100,000; short-term corrections may occur.
Watch Technical Indicators:
RSI, MACD, and trading volume provide vital insights into trend strength and potential reversals.
📊 Current Price and Technical Analysis (May 5, 2025)
Current Price:
Approximately $95,000 (BTC is trading around this level after a recent pullback recovery)
Resistance Levels:
$96,000: Recently tested and broken
$100,000: Psychological barrier and key resistance
Support Levels:
$94,000: Held during the latest pullback
$90,000: Strong support zone near the 50-day moving average
Technical Indicators:
RSI: Around 67, close to overbought territory, but still has upside room
MACD: Showing a bullish crossover
Volume: 24-hour trading volume at $38 billion, indicating strong market interest
🔄 Pullback and Future Outlook
Bitcoin recently experienced a pullback below $94,000, largely due to concerns over a 0.3% contraction in US GDP.
The price quickly recovered, signaling bullish momentum.
If $BTC breaks above $100,000, the next targets could be $107,000 and $113,000.
📈 Investor Advice
Long-term Investors:
Consider buying on pullbacks near $90,000 as long-term support holds.
Short-term Traders:
Be cautious around resistance levels at $96,000 and $100,000; short-term corrections may occur.
Watch Technical Indicators:
RSI, MACD, and trading volume provide vital insights into trend strength and potential reversals.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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