According to technical analysis and News;
Bitcoin (BTC) current price: $66,441
Market Overview:
- 24-hour Trading Volume: $47.6B
- Market Cap: $1.28T
- Circulating Supply: 19.3M BTC
- Dominance: 44.2%
Technical Analysis (4-hour timeframe):
- RSI (14): 63.4 (Bullish)
- MACD (12, 26): Bullish Crossover
- Moving Averages: 50-day MA: $59,111, 200-day MA: $46,541
- Bollinger Bands: Expansion
Support and Resistance:
- Support: $65,000, $63,500
- Resistance: $68,000, $70,000
Whale Activities:
- Increased buying pressure from whales (>100 BTC transactions)
- 41% of whales holding BTC have increased their positions
Short-Term Forecast:
- UP (60% chance):
- Break above $68,000 resistance
- Continued whale buying pressure
- RSI remains above 60
- DOWN (40% chance):
- Failure to break $68,000 resistance
- Bearish MACD crossover
- Support at $65,000 breaks
Key Levels:
1. $68,000 (Resistance)
2. $65,000 (Support)
3. $70,000 (Psychological Resistance)
Conclusion:
Bitcoin's bullish trend continues, with a potential break above $68,000 resistance. Whale buying pressure and bullish indicators support this outlook. Monitor $65,000 support and $68,000 resistance for direction.
$BTC 👈see now...
Disclaimer:
1. Cryptocurrency markets are highly volatile.
2. This analysis is for educational purposes only.
3. Trade responsibly, considering your risk
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