At the moment, Bitcoin technical indicators are showing a mixed picture. Moving averages such as the 50-day and 200-day can signal a bullish or bearish trend depending on their crossovers. The RSI (Relative Strength Index) often indicates overbought or oversold conditions, which may foreshadow a correction.
When using Fibonacci levels, especially in the context of the recent rally, it is worth paying attention to the key levels of 38.2% and 61.8%. These levels can serve as support or resistance, depending on the direction of the current price movement.
The general volatile sentiment in the crypto industry is also affecting the short-term outlook, which creates uncertainty. Investors should closely monitor changes in trading volume, which can indicate the strength of the current trend. It is important to make decisions based on a comprehensive analysis, taking into account both technical and fundamental factors
