📊NEUTRAL: $BTC (1W)
Weekly Indicators:
• RSI: 66 - Neutral 🟠
• MACD: 10240 - Bullish 🟢
• EMA: 75680 - Trading Above 🟢
Analysis:
With Tether FUD and MiCA regulations in the mix, Bitcoin traders are on edge. The chart shows a strong upward trend, surpassing previous resistance levels. Current momentum suggests that the market remains bullish despite regulatory concerns. Keep an eye on the news for any shifts.
Price Targets:
Bitcoin's current surge hints at reaching new heights. Short-term target is around $100,000, with potential spikes to $120,000 if bullish trends persist. If corrective action occurs, look for support around $80,000 to maintain the upward trajectory. Stay alert!