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The other day I was not wrong... I hope you keep in mind and remember DYOR 🔥💪🏽 1. Current Price: BTC is at $59,005.68, down 2.96% in the last 24 hours. 2. Parabolic SAR: The Parabolic SAR, represented by the yellow dots, has started to move below the candles, indicating a possible reversal of the bearish to bullish trend in this time frame. This is a positive sign for a possible start of an uptrend. 3. Stochastic RSI: The Stochastic RSI shows that the K and D lines are at very high levels (K: 76.58, D: 67.66), indicating that the price is in the overbought zone. This could suggest that although there has been a recent bullish movement, there could be a short-term correction before it continues to rise. 4. Volume: Volume has increased significantly over the past few hours, which is a sign that there is interest and strength behind the current move. An increase in volume during a potential trend reversal is an important confirmation signal. 5. Moving Averages (MA5 and MA10): The MA5 is above the MA10, indicating a recent bullish crossover. This is another sign of a possible start of an uptrend on this time frame. Conclusion: **Decisive Momentum:** Although there are positive signals for a possible start of an uptrend (Parabolic SAR below the candles, bullish crossover at the moving averages), the Stochastic RSI indicates that the price could be overbought at the moment. This means that although we could see a continuation higher, there is a risk of a small short-term correction before the bullish move gains more strength. **Recommendation:** If you are considering entering a bullish position, you could wait for a small correction or use a tight stop-loss to protect yourself against possible short-term downward movements. However, if the volume remains strong and the price stays above current levels, you could be in a good position to take advantage of the start of an uptrend. i feel another 📈 soon #Bitcoin #btc #dyor #tip #Follow_Like_Comment $BTC

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BTC in my point of view

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BTC in 4 hours graph

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Bitcoin for today $BTC 1. **Current Price**: The current price of Bitcoin is 59,730.73 USDT, down 1.33% over the past 24 hours.2. **Bollinger Bands**: - The Bollinger Bands are showing an expansion, indicating a possible increase in volatility.- The price has rebounded from the lower band (~57,803.35) and is moving up towards the middle band (~59,945.38). This suggests a technical bounce, and if the price breaks above the middle band, it could aim towards the upper band (~62,087.40). 3. **Stochastic Indicators (STOCH RSI)**:- The Stochastic RSI is at 26.18, indicating that the asset is in the oversold zone. This could suggest that the price has the potential for an upward bounce if there is enough buying pressure.4. **Relative Strength Index (RSI)**:- The RSI is at 62.06, indicating that the asset is in neutral territory, but approaching overbought. This could be a sign that the price has room to rise before facing a potential correction.5. **Support and Resistance**:- The closest recent support is around 57,642.21 USDT, and the immediate resistance is around 60,761.09 USDT, the 24-hour high. Conclusion: Overall, the chart suggests that Bitcoin is at a recovery point after a recent drop, with indicators showing a possible bounce. However, the resistance at the 60,000 USDT area could be a key level to overcome in order to continue the bullish momentum.I would recommend monitoring the trading volume and see if Bitcoin can break the 60,000 USDT resistance. If it does so with good volume, we could see a bullish continuation. If not, it could face strong resistance and pull back towards lower levels again. 📈 Follow and if u can send a tip for this friend 🔥 #bitcoin #btc #TradingSignals #FutureFinance #follow

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8 hours analisis #btc btc

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