$BTC
BTC/USDT Technical Analysis
Price: 66,274 USDT
Timeframe: 1D Chart
🔸 Moving Averages
- 50-Day SMA: 60,268 (Acting as Resistance)
- 20-Day SMA: 59,699 (Immediate Resistance)
🔸 Bollinger Bands:
- Price is nearing the lower band, indicating a potential oversold condition. Watch for possible rebound but confirm with other indicators.
🔸 RSI:
- Currently at 55.32 (Neutral zone). No strong overbought or oversold signals.
🔸 Support:
- Strong support seen around 58,000 - 60,000 USDT. A breakdown here could lead to further downside.
🔸 Resistance:
- Immediate resistance at 20-Day SMA (59,699 USDT).
- Key resistance at 50-Day SMA (60,268 USDT).
🔸 Outlook:
- Short-term bearish bias unless price breaks above 20-day and 50-day SMAs.
- Low volume and RSI neutrality suggest consolidation.
- Keep an eye on volume for potential reversal signals.
If you think that I have given some valuable information then do follow me and like my post!
