Bitcoin (BTC) technical analysis:
Trade setup: BTC remains in an Uptrend. Following the approval of 10 Bitcoin Spot ETFs, price broke above $45K, spiked up 9% to
49K
where it got rejected. Price has pulled back on “sell the news” effect to $40.5K support, giving us another opportunity for swing entry in Uptrend, with 12-25% upside potential near-term to $45K or $50K. Stop Loss (SL) level at
39K
(just below support). Wanna know which altcoins will benefit from BTC and ETH rise? Read our research report.
Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $40.5K, then $38K. The nearest Resistance Zone is $45K, then $50K.
Trade setup: BTC remains in an Uptrend. Following the approval of 10 Bitcoin Spot ETFs, price broke above $45K, spiked up 9% to
49K
where it got rejected. Price has pulled back on “sell the news” effect to $40.5K support, giving us another opportunity for swing entry in Uptrend, with 12-25% upside potential near-term to $45K or $50K. Stop Loss (SL) level at
39K
(just below support). Wanna know which altcoins will benefit from BTC and ETH rise? Read our research report. Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $40.5K, then $38K. The nearest Resistance Zone is $45K, then $50K.