GRAPHICAL ANALYSIS $BTC 🚀
✅️Bitcoin (BTC) recently crossed the symbolic threshold of 100,000 dollars, reaching a new historical high. Here is its recent evolution 📈📊
🚨This progression is part of a bullish dynamic that began after the election of Donald Trump to the presidency of the United States, fueling anticipations of policies favorable to cryptocurrencies.
From a technical point of view, several indicators confirm this bullish trend:
Formation of a "Golden Cross": The crossing of the 50-day moving average above the 200-day moving average suggests a continuation of the rise.
Breaking of the "pennant" pattern: This break indicates a potential continuation of the bullish trend.
However, the Relative Strength Index (RSI) is in the overbought zone, which could signal a short-term correction.
In the event of a pullback, key support levels to watch are:
$93,000: Corresponding to a previous resistance level that has become potential support.
$70,000: Area of interest for buyers, aligned with the 200-day moving average.
High trading volumes, particularly from institutional investors, reinforce the strength of this uptrend.
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