๐๐๐๐Detailed analysis of BTC/USDT ๐๐๐๐$BTC $NOT $ALICE
Technical analysis
On the BTC/USDT chart on the 4-hour time frame, you can notice the following key points:
Period: From March to June 2024.
Current price: $68,587.52, which is 0.22% higher than the previous one.
Rising Support: At around $66,893.27.
Indicator
Ichimoku (Ichimoku Cloud):
The price is near the Ichimoku cloud, which may indicate uncertainty in the market.
The support and resistance lines are located at the levels of $68,106.26 and $68,714.31, respectively.
SAR (Parabolic SAR):
The SAR points are below the price, which confirms the uptrend.
Moving averages (MA):
25-day SMA at $68,714.31.
99-day SMA at $68,106.26.
What does this mean for investors?
If the price can stay above the ascending support and continue to rise, we can expect a continuation of the bullish rally ๐๐. However, you should be careful as the price is near the Ichimoku cloud, which may indicate uncertainty in the market.
Conclusion
Investors should keep a close eye on the $68,587.52 level. A successful retest of this level could lead to further growth. Be careful and good luck in the market! ๐๐ฐ