#BTCâ Without whale or exchange, Do you think how many investors are going to buy at this price? đ I said BTC up and down will depend on liquidation hunting. Agree?đ
#BTC If you are already in long position âą Immediate Resistance: 61,380 âą Next Resistance: 63,404.66 âą Psychological Resistance: 65,000 âą Extended Resistance: 66,000 - 67,000
These levels should be watched closely, especially if you are entering a long position, as they could influence the price action and provide opportunities to take profits or adjust your stop losses. $BTC
###BTC ### Technical Indicators Analysis 1. **Exponential Moving Averages (EMAs)** - The short-term EMA (7) is crossing above the mid-term EMA (25) and approaching the long-term EMA (99). This is generally a bullish sign indicating a potential upward trend. 2. **Moving Averages (MAs)** - The MA (5) is currently above the MA (10), suggesting a short-term bullish momentum. 3. **Relative Strength Index (RSI)** - The RSI (6) is at 69.1, which is close to the overbought region (70). The RSI (12) and RSI (24) are lower, suggesting some short-term buying pressure but not extremely overbought conditions. 4. **Moving Average Convergence Divergence (MACD)** - The MACD line is above the signal line, and the histogram shows positive momentum, indicating a bullish trend. 5. **Volume** - Volume levels are moderate, not showing a significant surge that usually accompanies strong trends. 6. **Stochastic RSI** - The Stochastic RSI is above 80, indicating an overbought condition which could signal a potential pullback.
- **Bullish Scenario (55%)** - Short-term EMAs and MAs support upward momentum. - Positive MACD and moderate volume suggest continued buying interest. - If the price can break above the current resistance near $57,500 and sustain above the EMA (99), the bullish trend might continue. - **Bearish Scenario (45%)** - If the price fails to break above $57,500 and drops below key support levels (e.g., $56,000), it could lead to a bearish correction.
***bullish with a 55% probability ***bearish pullback remains possibility at 45%.