$BTC Next Target 🎯🎯
Looking at this 15-minute chart for $BTC USDT here’s a quick analysis to help determine the next potential target for Bitcoin:
Current Price Action: BTC recently peaked at around $80,080 and is now showing a pullback, trading at approximately $79,322. The red candle indicates that there is some selling pressure after reaching a short-term high.
Immediate support is likely around the previous low near $78,798.57.
A stronger support level lies at around $77,651.79, which aligns with an earlier consolidation area visible on the chart.
Moving Averages: The MA(5) and MA(10) show short-term volatility but are trending upward, indicating positive momentum in the medium term. A test of the lower moving averages could act as immediate support during any pullback.
RSI: The Relative Strength Index (RSI) is currently at 38.32, showing that BTC is approaching oversold conditions. This could mean a potential bounce if it remains above key support.
Upside: If BTC can find support above $78,798, it could retest the recent high near $80,080. Breaking above this level would open up the possibility of targeting $80,500 or higher.
If BTC falls below $78,798, it might test the lower support at $77,651, where buyers could potentially step in again.
Upside Target: $80,080, then $80,500.
Downside Support: $78,798, then $77,651.
A cautious approach would be to monitor the price action around the $78,798 support.
