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! 💪 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. 📉
🔍 Current Price: $65,808
Here's what the technical indicators say for the next 6 hours:
Technical Indicators:
1. RSI (14): 64.11 (Neutral) ⚖️
2. MACD (12, 26): Showing a bullish crossover 📈
3. 50-day MA: $63,459 (Support) 🛡️
4. 200-day MA: $54,133 (Long-term support) 🏛️
Support & Resistance:
- Support: $65,000, $64,500
- Resistance: $66,500, $67,300
🐋 Whale Activity: Moderate buying from whales in the past 6 hours 🐳
Prediction:
- Short-term outlook (next 6 hours):
- 60% chance of an upward move 🚀
- 40% chance of a downward correction 🔻
Stay alert and watch for key levels! 📊$BTC
