🔎 Technical Analysis $BTC

1. Price: $105,737 — increase of +1.11%.

2. Candlestick Pattern: A sequence of higher lows is forming — a sign of a short-term bullish trend.

3. Moving Averages:

MA(7) > MA(25) > MA(99) — this is a positive sign, the price is above all three MAs.

4. RSI(6): 63.95 — moderate overbought zone, but not critical.

5. Volumes: A spike in volumes on the last upward move — confirmation of buyer interest.

📈 Forecast for today (07.06.2025):

Bitcoin shows strength, and if it holds above $105,600–105,700, the potential target is to update the local maximum ($105,884) and test $106,000–106,200.

⚠️ But if support at $105,350 is broken downwards — we could see a pullback to $105,000 or MA(99) at around ~$104,900.

🔑 Scenarios:

Bullish (likely): Break above $105,900 and move to $106,200.

Bearish: Decrease in volumes, breaking MA(25) — a quick pullback to $105,000.

🧠 Advice for traders: Watch volumes and RSI — approaching 70 may signal short-term overbought conditions.

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