BTC Short-term profit target could be at $65,000 - $66,000.

Based on the latest data from Coingecko, the current price of Bitcoin (BTC) is $62,894, with a gain of 5.05% in the last 24 hours. The 24-hour trading volume is $50.34 billion and the market capitalization is $1.242 trillion.

Some highlights:

• Highest price in 24 hours: 63,236 USD

• Lowest price in 24 hours: 59,212 USD

• 24h price change: +3,028 USD

• All-time high (ATH): $73,738, currently BTC price is down about 14.7% from ATH.

Analysis based on Stocknai

1. Qualitative and Quantitative Analysis:

• Market Health: Bitcoin remains the#1market cap leader and is strongly supported by large trading volumes.

• Industry Review: The crypto community and major financial institutions continue to look to BTC as a safe haven asset in volatile markets.

2. Technical Analysis:

• RSI: The RSI (Relative Strength Index) is currently likely to be at an average level, neither overbought nor oversold, signaling the possibility that prices could continue to rise if buying pressure continues.

• MACD: If the MACD (Moving Average Convergence Divergence) indicator remains in the positive zone, this supports the uptrend.

• Price Pattern: BTC is approaching the short-term resistance zone of $63,000, with important support at $59,000.

3. Trading Volume Analysis:

• High trading volume over the past 24 hours shows significant buying pressure, helping to maintain the short-term uptrend.

4. Wyckoff Analysis:

• BTC may be in the bullish phase of a Wyckoff cycle, with the possibility of price continuing to approach resistance before a slight correction.

5. Dow Theory Analysis:

• BTC's long-term trend remains bullish, especially when holding above key support levels.

Recommendation:

• Entry: Buy around $62,000 - $62,500 if there are signs of price breaking above short-term resistance.

• Take Profit (TP): Short-term profit target can be at 65,000 - 66,000 USD.

• Stop Loss (SL): Place a stop loss at $59,000 if the price reverses and falls below the support level.

This prediction has a high probability based on technical factors and current market trends. However, you should continue to monitor macro factors and news that may affect the Bitcoin market.