I have done BTC 1 Day Chart technical analysis. #BTC

1. Cup & Handle Pattern but rejected from resistance and struggling inside a descending channel. If BTC closes above $66000 in daily chart, it may test $68400.

2. Currently BTC price is $64800 which is above all EMA20, EMA50, EMA 100 and EMA 200. EMA 20 has just crossed above all EMA lines. This shows BTC is bullish.

2. RSI is 64 which is not in overbought region yet and is still above RSI based MA.

3. Stoch RSI is also showing possibility of blue line crossing above orange line after coming down the orange line. Currently blue line is below orange line yet.

4. MACD line is above signal line in daily chart and both of them are above zero line. This is strong bullish indicator but green histogram bars size is reducing which shows bullish momentum is fading. If volume fades, there are chances blue line will cross below orange line and BTC may test 59500-61500 region from where it will bounce back to make double top so it may test 48500-52000.

5. If BTC closes above $73800, CUP and Handle pattern will be executed on successful retesting.

It is not a financial advice. Do your own research. Don’t copy my content.

Overall BTC is bullish in coming days if daily closing is around the one mentioned above. Short term charts like 15min, 45mins and 4hr are also showing BTC price above all exponential moving averages supporting bullish trend. But if daily closing is below the above mentioned value, cup and handle pattern will continue forming handle making BTC bearish.$BTC $ETH $BNB