🪙 BTC/USDT Analysis and Forecast 🪙

🔹 **Current Price:** $60,757.74

🔹 **RSI:** 50 (Neutral)

🔹 **MACD:** Neutral signal

🔹 **EMA (20):** $62,000

🔹 **EMA (50):** $61,500

🔹 **EMA (200):** $59,500

🔹 **Stochastic RSI:** 45 (Neutral)

🔹 **OBV:** In decline

🔹 **Whale Purchases:** Low in the last 24 hours

📊 Comment:

Bitcoin is currently in balance. The price is above the 200-day EMA, which could act as support. However, staying below the 50-day EMA constitutes resistance. MACD and RSI are giving neutral signals, which indicates that the market may move sideways for a while. Whale buying is low and OBV is declining, indicating investors are cautious.

Bitcoin may test the $60,500 support level in the next 24 hours. If this level is broken, there is another strong support at $59,500. On the upside, the $62,000 resistance level should be watched carefully.

📉 **Support:** $60,500

📈 **Resistance:** $62,000

🚀 **Goal:** $62,000

🔻 **Risk:** $59,500

🔍 **Technical Analysis Indicators:**

👉 **RSI:** 50, neutral zone, does not give an overbought or oversold signal.

👉 **MACD:** Neutral signal indicates that the trend is not evident.

👉 **EMA (20, 50, 200):** Price above the 200 EMA is a sign of long-term support. In the short term, staying below the 50 EMA constitutes resistance.

👉 **Stochastic RSI:** 45, neutral zone, does not give an overbought or oversold signal.

👉 **OBV:** In decline, it shows that sales are high in terms of volume.

It is not investment advice, be careful! 😉📊

#IntroToCopytrading #IntroToCopytrading #Bitcoin