๐ #Bitcoin Technical Analysis Update
๐ Sideways Momentum Signals Impending Big Move
Bitcoin ($BTC) is currently trading in a tight consolidation range, showing sideways momentum between key support at $59,000 and resistance at $61,800. This low volatility phase often precedes a major breakout.
๐ Technical Indicators:
RSI is hovering around neutral (50), suggesting indecision.
MACD is flatlining โ momentum is cooling but ready to flip.
Bollinger Bands are tightening, a classic setup for a volatility explosion.
๐ What to Watch:
A break above $62K could target $65K+ quickly.
A drop below $58.5K may trigger a sharp decline to $55K or lower.
Volume spike + candle breakout = confirmation.
๐จ Big move coming soon โ stay alert, manage risk, and donโt chase!