Updated analysis of Bitcoin:
Current price: $75,689
Indicators:
RSI: 64.62 (not overbought)
MACD: 289.94 (buy signal)
SIGNAL: 1968
Histogram: 923.36 (confirmation of the buy signal)
WMA: 64.186
EMA 20: 63.123
EMA 50: 59.337
EMA 200: 40.764
Scoop pattern:
Broke the scoop resistance
Analysis:
Bitcoin is showing signs of strength:
- RSI below 70, avoids overbought.
- MACD and confirmed buy signal.
- Positive histogram.
The Scoop pattern suggests a trend change:
- Broke the resistance, indicating a possible bullish movement.
Key levels:
- Support: $70,000, $65,000
- Resistance: $80,000, $85,000
Recommendations:
- Consider long position (buy) if it stays above $75,000.
- Set stop loss below $70,000.
Remember that the market is unpredictable. Monitor the indicators and adjust your strategies as needed.