Bitcoin Holds Critical Range as Analysts Eye Next Major Breakout
- Price Range Stability: Bitcoin's price remains stable within the $86,500 to $90,000 range, indicating signs of distribution and consolidation, which suggests that market participants are actively defending key support levels despite broader macro uncertainties.
- Volatility Compression: Unlike previous cycles, Bitcoin has not experienced a disorderly sell-off after a nearly 30% value correction, instead showing volatility compression, indicating that buyers are consistently supporting critical levels.
- Technical Indicator Analysis: The Relative Strength Index (RSI) hovers in the low-to-mid 40s, signaling neutral momentum, while a flat MACD suggests that downside pressure is easing, potentially laying the groundwork for future rebounds.
- Market Structure Changes: Analysts note that a breakout above $90,000 would signify a significant shift in short-term structure, likely attracting momentum buyers and pushing targets toward the $100,000 to $105,000 region.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.061 | 0.0687 | 0.0775 | 0.0852 | 0.094 | 0.102 | 0.111 |
| Fibonacci | 0.0687 | 0.075 | 0.0789 | 0.0852 | 0.0915 | 0.0954 | 0.102 |
About MAJOR
About the author
