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$BTC update
what's the next possible move of BTC . let's dive in it's chart.
Moving Averages (EMA):
The 25-period EMA (yellow line) is at 63,025.54, slightly below the current price, acting as potential support.
The 9-period EMA (pink line) is at 63,319.75, slightly above the current price, indicating short-term resistance.
The 200-period EMA (green line) is further below, suggesting the longer-term trend remains bullish.
Support and Resistance:
Key support levels are indicated by the purple horizontal lines around 61,164.94 and 56,521.26.
Resistance can be seen at the recent high of around 65,175.40.
RSI (Relative Strength Index):
The RSI is currently at 54.57, which is neutral. It's not in overbought or oversold territory, so a breakout or breakdown could occur soon depending on the volume.
Possible Next Move:
Bullish Scenario: If the price can break above the 9-period EMA (63,319.75), it may test the resistance around 65,175.40.
Bearish Scenario: If the price falls below the 25-period EMA (63,025.54), it might test lower support at 61,164.94 or even lower levels.
Given the current neutral RSI, watch for a significant price move soon, especially if volume increases.
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