Bitcoin Climbs Back to $113,000, Dogecoin Bounces to 20 Cents, While Ethereum and XRP Drop More Than 2%
Bitcoin Price Movement: Bitcoin has surged to $113,000 following indications that President Trump may meet with China's President Xi, which has positively influenced market sentiment.
Market Analysis and Predictions: Analysts warn that Bitcoin needs to reclaim its monthly candle by the end of the month to avoid a bearish trend, while others note a potential recovery with a higher low formation and a bullish megaphone pattern suggesting a possible rise to over $150,000.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36455.626 | 48227.813 | 61191.376 | 72963.563 | 85927.126 | 97699.313 | 110662.876 |
| Fibonacci | 48227.813 | 57676.87 | 63514.507 | 72963.563 | 82412.62 | 88250.257 | 97699.313 |
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