$BTC update
where BTC will go. .. let's take a dive of the chart . ..
From the chart, you can observe several key levels:
Support Levels:
$52,510.80
$56,924.88
$60,251.90 (recent low)
👇👇👇
Resistance Levels:
$62,035.92
$66,450.00
👇👇👇
The Relative Strength Index (RSI) is at 38.37, which is approaching oversold territory (typically below 30). This suggests there might be some potential for upward movement, but not necessarily immediately, as there could still be downward momentum left.
👇👇👇
Additionally, the price recently bounced off the $60,251.90 support level but has not yet cleared the $62,035.92 resistance. If it fails to break above that, there could be a further drop toward the next support around $56,924.88.
👇👇👇
Key Scenarios:
If it holds above the $60,251.90 support level and RSI increases, there could be a reversal toward the $62,035.92 resistance.
If it breaks below $60,251.90, expect further downside to $56,924.88.
👇👇👇
In conclusion, monitor for a break above $62,035.92 for bullish momentum or a break below $60,251.90 for further downside.
but 🙂🙂🙂
the RSI is showing the asset nearing oversold territory, which often suggests a potential upward move. However, the price is close to a key support level ($60,251.90).If the price holds above this support and RSI begins to rise, we might see an upward move.But if the support level is broken, the price could move downward toward $56,924.88.
👇👇👇👇
At this moment, it seems slightly more likely that the price will bounce up, but closely watch the support level for confirmation.
#moonbix #SCRLaunchpoolStarts! #BTC60KResistance #USRateCutExpected #Write2Earn!
