đŸ”„ In-Depth Bitcoin Trend Analysis đŸ”„

As we discussed earlier, things have started to take a positive turn with Bitcoin breaking above $60,300. Now, we have some encouraging and optimistic information that enhances the bullish outlook for the upcoming rise, barring any market-disrupting events.

▫Based on the available data:

1. Daily Chart 📊:

‱ Trend: Bitcoin was within a descending channel but has broken through the $60,300 level.

‱ Support: $50,737 and $60,371.

‱ Resistance: $71,162.

‱ Indicators: Overbought condition on the Stochastic RSI.

2. Trading Data 📈:

‱ Volume: Significant increase supporting the uptrend.

‱ Open Interest: Growing market interest.

‱ Funding Rates: Slight selling pressure.

3. Liquidation Heatmap đŸ—ș:

‱ Liquidation Levels: Concentration at $65,000.

‱ Analysis: Potential for a price surge.

▫Summary 🌟

Bitcoin is in an uptrend with the breakthrough of the $60,300 level and trading above it, reinforcing a positive outlook. Key levels to watch are the support at $60,371 and resistance at $71,162. The uptrend is expected to continue with growing investor interest. 📈🚀

Follow us for more exclusive analyses and updates! 💡

$BTC

#Ethereum_ETFs_Expected_Date #BinanceTurns7 #CPI_BTC_Watch #SOFR_Spike #US_Job_Market_Slowdown