#ThanksgivingBTCMoves
1. Price Movement:
The price is currently 97,417.17, close to its 24-hour high of 97,420.00, indicating strong bullish momentum.
The price is above the 7-period, 25-period, and 99-period moving averages (MA), which further suggests an upward trend.
2. Volume:
A rise in trading volume is visible alongside the price increase, which supports the strength of the upward move.
3. MACD Indicator:
The MACD line (yellow) is above the signal line (pink), and both are in positive territory. This is a bullish sign.
The histogram bars are increasing, indicating strengthening momentum.
4. Key Levels:
Immediate resistance: 97,420.00 (recent high).
Support: Around 96,100.00 (previous consolidation zone).
Prediction:
Short-Term: The market appears bullish, and the price may attempt to break above the 97,420.00 resistance. If it succeeds, further upside is likely.
Caution: If the price faces rejection at the resistance and volume declines, a pullback to 96,806.00 or lower support levels may occur.
