BTC is currently trading above a key support/resistance level and is nearing the trendline resistance of the channel. A breakout with a successful retest of the channel could confirm a strong bullish move, signaling more upside potential! đȘ On the flip side, if we see a breakdown and retest of the horizontal support, this might hint at a market correction, shifting sentiment towards bearishness. đ
đ Current Price: $65,808
Here's what the technical indicators say for the next 6 hours:
Technical Indicators:
1. RSI (14): 64.11 (Neutral) âïž
2. MACD (12, 26): Showing a bullish crossover đ
3. 50-day MA: $63,459 (Support) đĄïž
4. 200-day MA: $54,133 (Long-term support) đïž
Support & Resistance:
- Support: $65,000, $64,500
- Resistance: $66,500, $67,300
đ Whale Activity: Moderate buying from whales in the past 6 hours đł
Prediction:
- Short-term outlook (next 6 hours):
- 60% chance of an upward move đ
- 40% chance of a downward correction đ»
Stay alert and watch for key levels! đ$BTC
