BTC🚀

BTCUSDT: Technical Analysis

Current Price: $62,839.80 USDT

1-day Chart:

Indicators:

- RSI (14): 64.91 (bullish)

- MACD (12, 26): 515.19 (bullish)

- Moving Averages:

- 50-MA: $59,551.19

- 100-MA: $53,439.19

- 200-MA: $47,833.19

- Bollinger Bands:

- Upper: $65,339.19

- Lower: $56,039.19

Candlestick Patterns:

- Current candle: Bullish Engulfing

- Previous candle: Hammer

Trend Analysis:

- Short-term trend: Bullish

- Medium-term trend: Bullish

- Long-term trend: Bullish

Support and Resistance:

- Support levels:

- $61,000

- $60,000

- $59,000

- Resistance levels:

- $65,000

- $66,000

- $67,000

Recommendations:

- Buy: $61,000 - $61,500

- Sell: $65,000 - $65,500

Important Note: Not a investment advice.

Next Resistance/Support Levels:

- Resistance: $65,339.19 (Bollinger Band upper)

- Support: $56,039.19 (Bollinger Band lower)

Breakout/Breakdown Levels:

- Breakout: $65,500

- Breakdown: $59,500

Additional Insights:

- Bitcoin's RSI is in overbought territory, indicating potential consolidation.

- MACD's bullish crossover suggests continued upward momentum.

- Bollinger Bands indicate volatility expansion.