📊 This chart shows that the price of Bitcoin (BTC) is within the ascending triangle 📈. This pattern may indicate further price growth if the upper border of the triangle 🚀 is broken through.
Key levels:
Support: Approximately at the level of 63,000 - 64,000 USD 🛡️. This level previously kept the price from falling and may continue to play an important role 🛑.
Resistance: Around 71,000 - 72,000 USD 🏔️. There is a resistance zone here, which previously restrained price growth ⛔.
Technical indicators:
The 200-day moving average (MA200) is below the current price, indicating a potential long-term bullish trend 🐂.
The RSI (relative strength) indicator shows that the asset is in the neutral zone ⚖️, which suggests the possibility of further growth without significant overbought 🔄.
Result:
On the chart you can see that the Bitcoin price is testing important resistance and support levels within the ascending triangle 📐. If the upper border of the triangle is broken, a significant increase in price 🌟 can be expected. However, if the support is broken, this may cause the price to fall towards the lower support levels 📉.
📈📉
Support: 63,000 - 64,000 USD.
Resistance: 71,000 - 72,000 USD.
Let's see if BTC can break through current levels and head to new heights! 🚀✨
