๐๐๐๐ก๐ง๐ข๐๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ $BTC
Here is my technical analysis of the BTC/USDT chart, Bitcoin currently shows bullish momentum. The price has recently rebounded from a low of 56,552.82 USDT and is now trading at 68,667.04 USDT, with a significant upward movement of +3.13%.
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
1. ๐๐ช๐ฅ๐ฅ๐ค๐ง๐ฉ ๐๐ฃ๐ ๐๐๐จ๐๐จ๐ฉ๐๐ฃ๐๐ ๐๐๐ซ๐๐ก๐จ:
โข Current Support: 56,552.82 USDT
โข Immediate Resistance: 69,305 USDT
โข Next Target: 71,655 USDT
โข All-Time High: 72,797.99 USDT
2. ๐๐ง๐๐ฃ๐ ๐ผ๐ฃ๐๐ก๐ฎ๐จ๐๐จ:
โข The chart displays a clear series of higher lows and higher highs, indicating an upward trend.
โข The recent bullish breakout from the previous low suggests strong buying interest and potential continuation of the upward trend.
3. ๐๐ค๐ก๐ช๐ข๐ ๐ผ๐ฃ๐๐ก๐ฎ๐จ๐๐จ:
โข The recent price increase is supported by higher trading volume, which typically indicates strong investor confidence and momentum.
4. ๐พ๐๐ฃ๐๐ก๐๐จ๐ฉ๐๐๐ ๐๐๐ฉ๐ฉ๐๐ง๐ฃ๐จ:
โข Bullish engulfing patterns can be observed at key points, further supporting the bullish sentiment.
โข The current price action suggests that a break above the immediate resistance level of 69,305 USDT is likely.
๐๐๐๐ง๐๐ซ๐ข๐จ:
If $BTC successfully breaks the resistance at 69,305 USDT, it is expected to move towards the next target of 71,655 USDT. This would further strengthen the bullish trend and potentially lead to a new all-time high beyond 72,797.99 USDT. Investors should monitor the price action closely around these critical levels and consider the broader market sentiment and volume trends to make informed trading decisions.
