🚀 $BTC Update: New Target Reached! What Next? 🚀

Hey guys! Bitcoin continues to show significant momentum after breaking through our last target. The price recently hit a high of $67,890, but we're seeing a slight pullback, which is to be expected after such a strong run. Here's what the current chart is telling us:

🔍 EMA(50) & EMA(200)

EMA(50): $65,227

EMA(200): $63,421

Bitcoin remains above both EMA(50) and EMA(200), indicating that the bullish trend is still very much intact. The current retracement towards the EMA(50) suggests we might be approaching a strong support zone around $65,000. This area could provide a great buying opportunity if BTC stabilizes.

💡 MACD
The MACD continues to signal bullish momentum, with the MACD line sitting at 444.66 compared to the signal line at 388.64. The histogram is still showing green bars, although there is a slight decrease, indicating that bullish momentum may be slowing down but hasn’t reversed yet. 📉

📉 RSI
The RSI(6) is at 59.49, showing that BTC has cooled off from overbought territory. This is a healthy sign after the recent surge, giving BTC room to make another upward push. 🟢

💰 Trading Strategy & Targets 💰

Entry Point:

Consider buying between $65,000–$65,500 if BTC finds support near the EMA(50). This could offer a lower-risk entry with room for upside gains.

Exit Point / Take Profit:

Set your take profit at $67,500–$68,000. This range aligns with recent resistance at the $67,890 high, where BTC may face selling pressure again.

Stop Loss:

Place your stop loss around $64,000 to protect yourself from a deeper retracement below the EMA(50) and EMA(200). This level would indicate that the bullish momentum may be reversing.

🎯 Target Achieved!
Our previous take profit target of $67K was successfully hit, and BTC even pushed higher to $67,890! With this pullback, we're watching for the next bounce off support to potentially ride the next wave higher to the $68K zone. 🚀

#Bitcoin #BTC #CryptoTrading #BinanceSquare #CryptoAnalysis 💡📊