$BTC Next target:
Based on the current chart setup, BTC appears to be in an upward trend. Here are potential next targets and key levels to watch:
1. Immediate Target: With the current momentum, BTC might aim for the psychological level of $80,000. This is close to the recent high of 79,788.96, and breaking this level could trigger more buying interest.
2. Higher Target: If BTC breaks above $80,000 with strong volume, the next resistance could be around $82,000 to $85,000, depending on momentum and buying pressure.
3. Support Levels: On the downside, key support levels to watch include the EMA(25) at around $75,810 and EMA(99) at approximately $71,783. If BTC retraces, these levels could act as support before any deeper correction.
Since BTC is in an overbought zone (high RSI), it may face resistance around these levels, and consolidation could occur. Keep an eye on volume and key moving averages to assess the strength of the trend.
