$BTC

Bitcoin Trend analisis of the short, mid, and long-term trends, resistance levels, and support levels based on the charts.

Short-Term Trend (1-day to 1-week time frame)

Overall Trend: The short-term trend appears to be bearish. The price has been declining over the past day, and the 1-day chart shows a clear downward slope.

Resistance Levels: The price has been struggling to break above the 100,000 level, which acts as a significant resistance level.

Support Levels: The price has found support around the 96,000 level. If it breaks below this level, it could signal further downside.

Mid-Term Trend (1-week to 1-month time frame)

Overall Trend: The mid-term trend also appears to be bearish, although not as strong as the short-term trend. The price has been consolidating below the 100,000 level for several weeks.

Resistance Levels: The 100,000 level remains a key resistance level.

Support Levels: The 90,000 level could act as a support level in the mid-term.

Long-Term Trend (1-month to 1-year time frame)

Overall Trend: The long-term trend is bullish. The price has been steadily increasing over the past year, despite recent fluctuations.

Resistance Levels: The 100,000 level could act as a resistance level in the long-term.

Support Levels: The 50,000 level could act as a strong support level in the long-term.

Overall Technical Indicators

MACD: The MACD line is below the signal line, indicating bearish momentum.

RSI: The RSI is below 50, indicating bearish momentum.

STOCHRSI: The STOCHRSI is below 50, indicating bearish momentum.

Summary

The short-term trend is bearish, while the mid-term trend is also bearish but less pronounced. The long-term trend remains bullish.

The 100,000 level is a key resistance level, while the 90,000 level could act as a support level.

The technical indicators suggest bearish momentum.

Disclaimer: This analysis is based on the charts and is for informational purposes only. It should not be considered financial advice. Please consult with a qualified financial advisor before making any investment 1 decisions.