Analysis of the #Bitcoin oin (BTC/USDT) chart on the daily timeframe:
1. Forecast of price movements (short term, medium term):
Short-Term Forecast: Bitcoin price could continue to move between USD 62,000 and USD 66,000 over the next few days as it consolidates after recent gains.
Medium-term forecast: Over the next few weeks, a breakdown of the resistance level around 66,000 USD and growth to the area of 70,000-72,000 USD is possible. In the case of a negative scenario, a rollback to support at the level of 60,000 USD is possible.
2. Support and resistance levels:
Support:
62,000 USD (nearest support level)
60,000 USD (significant support)
Resistance:
66,000 USD (nearest resistance level)
70,000 USD (significant resistance)
3. Possible entry, exit, stop loss points for a long position:
Entry point: 62,500 - 63,000 USD (upon rebound from support level)
Exit point: 66,000 USD (upon reaching the nearest resistance)
Stop Loss: 60,000 USD (below significant support level)
4. Possible entry, exit, stop loss points for short positions:
Entry point: 65,500 - 66,000 USD (upon rebound from resistance level)
Exit point: 62,000 USD (when support level is reached)
Stop loss: 68,000 USD (above resistance level)
5. Long and short scenario:
Long scenario: If the level of 66,000 USD is broken and consolidates above, growth to the levels of 70,000 - 72,000 USD is possible. Probability of implementation: 60%.
Short scenario: With a rebound from the level of 66,000 USD and a decline to the level of 62,000 USD, a further rollback to 60,000 USD is possible. Probability of implementation: 40%.
Influencing factors and indicator analysis:
Indicator:
Ichimoku Cloud: The price is in the cloud, indicating uncertainty and possible consolidation.
Parabolic SAR: SAR points are below the price, signaling an uptrend.
EMA: EMA(20), EMA(50) and EMA(100) support the uptrend.
YK Round Levels: The 62,000 and 66,000 USD levels are the key round levels.
RSI: The RSI is near the 60 level, indicating that further growth is possible, but overbought is also possible.
Additional factors:
LiquidationHeatMap Chart: The chart shows a high level of liquidations in the area of 62,000 - 66,000 USD, which confirms the significance of these levels.
Exchange Reserve: A decrease in exchange reserve indicates that traders are choosing to hold Bitcoin outside of exchanges, which could support price growth.
Net deposits on exchanges: The decline in net deposits also indicates a reduction in selling pressure.
Capital Inflows: A predominance of capital inflows indicates an increase in purchasing interest.
Influx of large holders: The predominance of the influx of large holders confirms the growing interest on the part of large investors.
Growth of active and new addresses: The increase in the number of active and new addresses indicates growing interest in Bitcoin.
Result:
Based on technical indicators and additional data, the long scenario has a high probability of implementation. However, the possibility of short-term consolidation should be considered before further growth.
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