📈LONG: #$BTC by (1D)
#BTCUSD | #BTC | #Bitcoin
Current Price $61433.00
Market Cap $1211.23B
Change 1h +0.11% | 24h +0.50%
Daily Indicators:
• RSI: 33 - Neutral 🟠
• MACD: -1560 - Bearish 🔴
• EMA: 65551 - Below 🔴
Analysis:
Bitcoin's bounce above the 30.00 RSI oversold level on Monday and yesterday hints at the formation of a bottom. This pattern, seen only thrice since November 09, 2022, usually precedes a structured rise and Channel Up, often marking the strongest buy signal in the bull cycle!
Price Targets:
Based on the channel and previous performance, Bitcoin could aim for the following price targets: short-term at $70,000, mid-term at $90,000, and long-term at $110,000. Keep an eye out for potential support around $50,000.
