#BTCvsMarkets GIANT movement in the Bitcoin market! Spot ETFs in the US bought about 25,000 BTC in the last 3 days, totaling US$ 2.3 BILLION! 💰 Keep an eye on this wave!
The capital flow shows a positive balance, indicating that more capital is entering the market than leaving, which is an optimistic sign for Bitcoin.
2. SUPPORT and RESISTANCE
•Resistance Price: $91,424
•Support Price: $87,159.60
3. CONCLUSION
Bitcoin shows a positive capital flow, which is an encouraging sign for investors. However, technical indicators, such as the RSI, suggest that the asset may be overbought, which could lead to a correction. The current price is close to the resistance at $91,424, and the support at $87,159.60 will be crucial in determining the next price movement.
Resistance: The resistance level at $88,941.2 is a crucial point where the price of Bitcoin may encounter difficulties in breaking through. If BTC reaches this level and fails to break it, there may be a correction or a trend reversal.
Support: The support level at $83,786.3 is where the price may find support in case of a drop. If BTC falls to this level, it is likely that there will be a recovery, unless market sentiment changes drastically.
2. CONCLUSION
The support and resistance levels are fundamental for the technical analysis of BTC. Monitoring these levels can help investors make informed decisions about entering and exiting positions.
Bitcoin (BTC) is showing a strong upward movement, with a significant increase in price and positive capital flow. Technical indicators such as KDJ and MACD suggest that the upward trend may continue, although the RSI indicates that the asset is overbought, which could lead to a short-term correction.
4. RECOMMENDATIONS
INVESTORS: Monitor the price and
consider the possibility of a correction given the high RSI level.
STRATEGY: Evaluate entering long positions, but with caution due to overbought conditions.
Currently, the price of Bitcoin (BTC) is $84,016.6. In the last 24 hours, the price ranged between $83,932.1 and $85,660.3, showing a decrease of approximately 1.39%. The trading volume in the last 24 hours was 4,589.25 BTC with a total of $389,804,459.13 in transactions.
2. CAPITAL FLOW
The capital flow for BTC shows a negative net balance of -$114,815,520, with a total of $1,578,025,081 in inflows and $1,692,840,601 in outflows. This indicates selling pressure in the market.
3. CONCLUSION
Current data indicates that Bitcoin is facing significant selling pressure, with negative capital flow and technical indicators suggesting a downward trend. The RSI below 30 suggests that the asset may be oversold, which could indicate a possible reversal in the future, but the current situation is one of caution. $BTC
Conclusion: Bitcoin is currently testing the resistance at 85,350 USD. If the price exceeds this level, there may be a significant upward movement. The support at 84,290 USD should be monitored, as a break below this level may indicate weakness.
2. TECHNICAL INDICATORS. Conclusion: The technical indicators show a bearish trend in the short term, with the RSI indicating that Bitcoin may be oversold. The current situation requires caution, as selling pressure may continue.