According to technical analysis;
Here's an update on BTC's uptrend:
Current Price: $63,511 (2.30% gain)
Technical Analysis Summary:
- Trend: Uptrend
- RSI (14): 54.62 (Bullish)
- MACD (12, 26): Bullish crossover
- 50-day MA: $59,443 (Support)
- 200-day MA: $47,533 (Long-term support)
Indicator Signals:
- Moving Averages: Bullish alignment
- Bollinger Bands: Expanding (increased volatility)
- Stochastic Oscillator: 63.42 (Bullish)
Whale Activity:
- Increased buying (last 2 hours)
- Moderate selling
Candlestick Patterns:
- Bullish Engulfing Pattern (formed)
- Hammer Pattern
Support & Resistance:
- Support: $62,500, $61,500
- Resistance: $65,000, $66,500
Next Move Prediction:
- Uptrend: 70%
- Downtrend: 30%
Possible Scenarios:
1. Breakout above $65,000, targeting $66,500-$68,000.
2. Consolidation around $63,500-$64,500.
3. Correction to $62,500-$61,500.
Best Trade Setup:
Long Trade:
1. Entry: $63,800-$64,200
2. Stop-loss: $63,200
3. Take-profit: $65,500-$66,500
Short Trade (caution):
1. Entry: $65,500-$66,000
2. Stop-loss: $66,500
3. Take-profit: $63,200-$62,500
Risk Management:
1. Set stop-loss orders.
2. Monitor position size.
3. Adjust leverage.
Additional Insights:
- BTC's price movement influences altcoins.
- Global economic news may impact BTC price.
- Check now...đ$BTC
