Bitcoin on Sunday pause! Calm before the storm? 🌪️🔥
While some traders enjoy their Sunday break and others watch the chart as if it were a suspense novel, BTCUSDT maintains equilibrium in a key zone, hovering around $103,937.30. But what does its technical behavior tell us? Let's unravel it in style.
📊 Signals on the board:
MACD is giving us mixed signals with a value of -168.74, while the signal line and histogram still show positive strength. Preparing for a turn? 🧐
CRSI at 27.91—a signal that the market could be ready for a shake-up, but still lacking the explosive enthusiasm that bulls would like.
Stoch RSI at 15.24 and 13.78—Oversold alarm! It could indicate that BTC is waiting for a new buying impulse to shoot up. 🚀
🔍 What to expect?
The key lies in how the price behaves against critical levels of resistance and support. With the 50-day SMA at $1,775 (if we were analyzing ETH) as a reference, Bitcoin could be in an accumulation zone, waiting for the spark to push it toward $105K or more.
⚡ Conclusion:
Sunday's calm could just be the prelude to a busy Monday. Will we see BTC wake up with energy and make a master move? Buckle up, because this crypto novel is far from over! 🎢🔥
