[17/6, 11:53 PM] 🥰: Bitcoin has clearly dropped during this period, and that’s why I will conduct an analysis of Bitcoin
Provides a clearer view of the current situation and upcoming forecasts.
Summary:
Current price: 103936.19 USD
Change over 24 hours:
2.68
The general trend is neutral leaning towards bearish
Trend indicators
46.80 : Relative Strength Index (RSI)
It is not in an area of overbought or oversold, which means the market has not yet determined its direction.
: (MACD)
MACD: 485.94
MACD: 925.40 Signal
Histogram: -439.46 which indicates negative momentum
Bearish
There is a negative crossover for the MACD below the signal line, and this is a signal.
[17/6, 11:54 PM] 🥰: 106420.51
EM20: 106120.66 USD
EM50: 102933.88
EM100: 98631.55
:
This
11:52
The current price is below the 10 EMA and 20, but above the 50 and 100 EMA, indicating a contradiction between directions, it is neither 100% bearish nor purely bullish.
Bollinger Bands
109869.94 : Upper limit
105776.00 : Middle line
101682.06 : Lower limit
The current price is below the middle line, and this gives a negative indication.
ATR = 3078.40
Average True Range (ATR)
This means that the market has clear volatility and strong movement.
Stochastic %K: 35.13
Stochastic %D: 50.05
Momentum indicators
They have not entered the overbought area, which means the momentum is still ongoing.
[17/6, 11:54 PM] 🥰: At the same pace without a clear reversal.
Fibonacci levels
Fibonacci 23.6 = 103125.39 (Near support
) at 38.2 = 104815.07 (First resistance
106180.70 50.0
107546.33 %61.8
109490.6278.6
The nearest support currently at 103125.39
104815.07 and the nearest resistance at
Upcoming forecasts (based on data
The general trend is bullish in the short and medium term, with an expected change of %5.58 over the coming days.
Volatility level is medium to high (high ATR)
Possible scenario
Based on the technical situation and indicators, we might see strong fluctuations in the coming days.
There is a possibility that the negative pressure will continue a bit, but a bullish rebound might happen towards the nearby resistances, especially.
. (104815
And if the forecasts go as they are, Bitcoin might
[17/6, 11:54 PM] 🥰: And if the forecasts go as they are, Bitcoin might continue its rise and break the resistances over time.
General recommendations:
For short-term traders, be cautious as the market is volatile. Watch the resistance levels for selling and support for buying.
For long-term investors: The current drop might be an opportunity to enter or strengthen your positions, but don’t forget to consider risk management.
Disclaimer
The information and posts are not intended to be, nor do they constitute, any financial, investment, commercial, or any other type of advice or recommendations provided or endorsed by.
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