๐ Prediction (BTC and NOT):
๐ BTC/USDT - Despite a slight pullback, #BTC is trading above key support levels. This indicates that there is still potential for growth. However, some indicators on the daily chart are giving mixed signals. For example, the Money Flow Index (MFI) is currently at 79.52. An increase in the MFI indicates buying interest, while a decrease indicates increased selling. Values below 20 suggest the asset is oversold, while values above 80 indicate it is overbought. In this case, the MFI shows that #Bitcoin is approaching the overbought area. This may hinder its ability to reach $68,030. However, the Awesome Oscillator (AO) is showing positive values. This signals strengthening bullish momentum. This suggests that Bitcoin could approach or exceed $70,000. If the current situation persists, the coin may surpass $68,030. The next target would be around $71,982. However, Bitcoin also faces downside risks, especially considering that the bankrupt exchange Mt. Gox appears ready to repay its creditors, according to Spot On Chain. Once the payments begin, it may be difficult for BTC's price to rise above $70,000. In this case, the next move might be a decline to $64,928.
๐ช NOT/USDT - The price of #Notcoin is currently consolidating between $0.017 and $0.015, with numerous attempts to break through resistance failing. The altcoin almost fell below the support line of $0.015 but quickly recovered. This was due to the aforementioned support from investors. If this support continues, it will help the altcoin break above the $0.017 resistance. On the other hand, if the breakout fails, it will cancel the bullish scenario. However, positive signals should prevent a break below the $0.015 support level.
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