đ This chart shows that the price of Bitcoin (BTC) is within the ascending triangle đ. This pattern may indicate further price growth if the upper border of the triangle đ is broken through.
Key levels:
Support: Approximately at the level of 63,000 - 64,000 USD đĄïž. This level previously kept the price from falling and may continue to play an important role đ.
Resistance: Around 71,000 - 72,000 USD đïž. There is a resistance zone here, which previously restrained price growth â.
Technical indicators:
The 200-day moving average (MA200) is below the current price, indicating a potential long-term bullish trend đ.
The RSI (relative strength) indicator shows that the asset is in the neutral zone âïž, which suggests the possibility of further growth without significant overbought đ.
Result:
On the chart you can see that the Bitcoin price is testing important resistance and support levels within the ascending triangle đ. If the upper border of the triangle is broken, a significant increase in price đ can be expected. However, if the support is broken, this may cause the price to fall towards the lower support levels đ.
đđ
Support: 63,000 - 64,000 USD.
Resistance: 71,000 - 72,000 USD.
Let's see if BTC can break through current levels and head to new heights! đâš