$BTC Next target:
Based on the chart's upward momentum and overbought conditions, here are potential next targets and support levels for BTC/USDT:
1. Immediate Resistance Target: If BTC breaks above the current high of 83,744.99, the next significant psychological level would be around 85,000. Beyond this, 88,000 could serve as a further target based on historical resistance levels.
2. Support Levels: If there is a pullback, key support levels to watch would be:
81,362.41 (7 EMA)
78,215.15 (25 EMA)
72,189.83, which acted as prior resistance and could now serve as support.
With BTC in overbought territory on both the RSI and Stochastic RSI, it's wise to be cautious. If you’re holding a long position, monitoring these levels and setting trailing stop-losses could help manage risk. A breakout above 83,744.99 with strong volume could signal continuation, while rejection or consolidation around this area may suggest a potential retracement.
