Overview🫡🫡🚀

General Trend: Bitcoin seems to be in a volatile state, as indicators show both bullish and bearish momentum at the same time.

Support and Resistance:

Support: The level around $62,500 seems to be a strong support level, as the price has bounced off it several times.

Resistance: The level around $63,000 is a strong resistance level, as the price has failed to break it decisively.

Technical Indicators:

RSI: The Relative Strength Index is trading around the 36 level, indicating that the price may be in the oversold zone, but there is still potential for further declines.

Average Moving Averages: Indicates a short-term sideways trend, but the overall direction is still unclear.

Volume: Average, indicating no significant buying or selling pressure.

Deeper Analysis

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