I give you my data based on technical analysis, they do not reflect my strategy, nor my short-term vision. But I share this with you:
Bitcoin (BTC): $61,920
1. Current Trend:
- Bitcoin is showing a strong upward trend, with a price that has exceeded $60,000 and stands at $61,920.
2.Support and Resistance:
- Support: Strong support is found around $60,000-$59,000. Maintaining this level would reinforce the upward trend.
- Resistance: Major resistance now sits near $65,000. Crossing this threshold could open the way to new highs but the price must confirm USD 70k.
3. Technical Indicators:
- RSI (Relative Strength Index): The RSI is currently high, suggesting possible overbought. Traders must remain vigilant.
- MACD (Moving Average Convergence Divergence): The MACD indicates sustained bullish momentum, confirming the current trend.
4. Future Possibilities:
- Bullish Scenario: If the resistance at $65,000 is exceeded, Bitcoin could target levels close to $70,000 in the short term.
- Bearish Scenario: A correction could occur, but a break below $60,000 would be necessary to reverse the current uptrend.#Binance #bitcoin #MarketSentimentToday $BTC