Bitcoin (BTC) technical analysis:
Trade setup: Trends are mixed. Price bounced off of
25K
support and reached $28K resistance, which is also 200-day moving average. We wait for price to either 1) break above that resistance ($28K), which could signal uptrend resumption, with upside to $30K, or 2) pull back near
25K
support for another swing entry.
Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is
25K
, then $21.5K. The nearest Resistance Zone is $28K, then $30K, and $32K.
Trade setup: Trends are mixed. Price bounced off of
25K
support and reached $28K resistance, which is also 200-day moving average. We wait for price to either 1) break above that resistance ($28K), which could signal uptrend resumption, with upside to $30K, or 2) pull back near
25K
support for another swing entry. Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is
25K
, then $21.5K. The nearest Resistance Zone is $28K, then $30K, and $32K.