My current analysis of $BTC
1-Current price:
-The current price of Bitcoin is $93,396, down 2.08% compared to the previous week.
2-MACD (12,26,9):
-The MACD lines (blue) and the signal (orange) are close together, indicating a possible decline in bullish momentum or a correction.
-The histogram shows a decrease in the rise, supporting the idea of a decline in positive momentum.
3-RSI (14):
-The relative strength index is at 66.21, which is close to the overbought zone (70). This indicates that the market may witness selling pressure if prices continue to rise.
4-Japanese candlesticks:
-The current candle shows a correction after a strong rise over the past weeks, with the possibility of facing strong resistance near the $95,000-100,000 levels.
Forecast:
- Bullish scenario: If the resistance at $95,000 is broken with strong trading volume, the price may continue towards $100,000 levels or higher.
- Bearish scenario: If the correction continues, the first support will be at $85,000, followed by $80,000.
