Short-term BTC analysis
Wait before you worry! 🚨 Bitcoin recently broke its short-term uptrend, but it's not the end of the world. The cryptocurrency is currently testing the support level at 34,000 points. This may cause a positive reaction, but a decline below 34,000 would be considered a negative signal. 📈
But why not look at the balance of volumes? It is positive, which strengthens the strength of the currency in the short term. And the RSI is above 70 after good price gains in recent weeks, indicating strong positive momentum. However, be careful: a high RSI, especially for large assets, can indicate overbought conditions and the possibility of a negative reaction. Overall, the currency is assessed as technically positive in the short term. 💼
Medium-term analysis of BTC
Now let's move on to the mid-term analysis. 🤓 Bitcoin is moving up from a conditionally sideways medium- and long-term trend channel. This indicates sustained strong development and the currency is now finding support at the top of the trend channel. This means there is hope! 🌟
In addition, the positive balance of volumes indicates increased optimism among investors. The RSI is above 70 after good price gains in recent weeks, signaling strong positive momentum. Still, be aware of possible overbought and negative reactions. As they say, hope dies last. 💪
Long-term BTC analysis
Now comes the fun part - long-term analysis! Bitcoin may fluctuate a bit, but that's not the end of the story. It is important to know that the currency is between the support level at 30,000 points and the resistance level at 44,000 points. 🌐
What are Bitcoin's plans? It’s hard to say, but the positive balance of volumes indicates investors’ faith in the future. The cryptocurrency is assessed as technically positive in the long term. 🚀
Bitcoin price
And the last move is the current price of Bitcoin! Currently, it stands at $34,289 USD, and although it has decreased slightly in the last 24 hours, do not forget about the market capitalization of $673,594,286,429 USD and the maximum proposed supply of 21,000,000 BTC tokens. 🤑
