BTC is currently trading at $95,189, up +1.28% for the day, showing strong bullish momentum as it continues its rally from the March lows. The price has broken past previous resistance levels and is now approaching psychological resistance near the $100,000 mark.
Key Technical Indicators:
MACD (12,26 Close): A bullish crossover is clearly visible with the MACD line (blue) crossing above the signal line (orange), and histogram bars growing positive—indicating increasing bullish strength.
Trend Structure: The daily candlestick pattern confirms a solid uptrend. The previous downtrend (Jan–March) has reversed sharply, and BTC has been making higher highs and higher lows.
Volume & Momentum: Volume appears supportive, and momentum indicators are leaning bullish, suggesting a continuation of the current trend unless a reversal signal appears.
Near-Term Outlook:
Resistance: $100,000 (psychological level)
Support: $90,000, then $85,000
Bias: Bullish as long as BTC holds above the $90,000 level
Conclusion: BTC is showing strong signs of recovery and bullish momentum. Traders should watch for a possible breakout above $100K, while keeping an eye on support zones for any signs of reversal.
Bitcoin is currently facing resistance near the Supertrend level around $85,440, with short-term support at $81,743. The MACD is attempting a bullish crossover, indicating potential for upward momentum, but confirmation is still pending.
Stop Loss: $81,000 (below recent support)
Target 1: $88,000
Target 2: $92,000 (if breakout is strong)
Watch for a close above $85,500 with volume to confirm bullish continuation. A rejection could push the price back toward the support zone.
Disclaimer: Always do your own research. This is not financial advice. #BTCRebound
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