Recent technical data from the Binance platform on a 15-minute timeframe indicates that Bitcoin (𝑐-132) is undergoing a significant support test phase that could be a gateway for a new upward movement or the beginning of a wider correction. Here are the details:


✅ Current price:

🔹 118,936.91 USDT

🔺 Daily increase of +1.44%

📊 A look at the moving averages (EMA):

  • EMA 20: $118,922 (currently being tested)

  • EMA 50: $118,616 (near support)

  • EMA 99: $118,271 (medium-term support)

The price is currently fluctuating near the 20 average, reflecting a moderate selling pressure, but staying above the three averages gives an advantage for a potential rebound movement from this area.

📉 Technical indicators reading:

🔸 Relative Strength Index (RSI):

  • RSI(7): at 47.09 – leaning neutral

  • RSI(12): at 51.56 – moderate

  • RSI(24): at 55.09 – indicates slight upward momentum


👉 The indicators do not show a clear overbought situation, but they hint at room for upward movement or limited decline.

🔸 Stochastic RSI Indicator:

  • Value: 8.34 – in a strong selling saturation area

📍 This reinforces the likelihood of a price rebound upwards in the coming hours, provided that the current support level is maintained.

🔸 MACD Indicator:

  • There is a negative crossover

  • Histogram at -30.54

📉 Shows the beginning of moderate selling pressure, but has not yet turned into a clear downward trend.

🔁 Important support and resistance:

  • First support: 118,600 – 118,270

  • Second support: 117,600

  • Nearby resistance: 119,488 (highest peak in 24 hours)

✳️ If the price manages to break the level of 119,200 and stabilize above it, we may see a rapid surge towards the level of 120,000.


💡 Technical recommendation:

  • 👀 Watch the area 118,270 – 118,600 for entry.

  • ✅ Potential buy signal if a positive reversal candle appears.

  • ⚠️ Breaking the level of 117,600 is considered negative and may push the price for further correction.

  • 📈 Near-term upward target: 119,800 – then 120,500.


    ✅ Long-term targets 121,500 - then 122,500

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