📊 Weekly Technical Levels
Resistance Levels:
$124,652.59
$127,266.08
$129,248.44
Support Levels:
$120,056.73
$118,074.38
$115,460.88
These levels are based on Barchart's technical analysis and are derived from the most recent data available.
📈 Technical Indicators
Relative Strength Index (RSI): The RSI is currently at 61.95%, indicating that Bitcoin is neither overbought nor oversold.
Stochastic Oscillator: Both the %K and %D lines are in the 80% range, suggesting that Bitcoin is in an overbought condition, which could precede a pullback.
Average True Range (ATR): The 9-day ATR is 3,316.77, indicating a daily price movement of approximately 2.73%.
Directional Movement Index (DMI): The +DI is at 35.72, and the -DI is at 10.17, suggesting a strong bullish trend.
🔮 Market Outlook
Analysts project that Bitcoin may reach up to $126,865 within the next week, with a potential target of $129,753 over the next four weeks.
⚠️ Risk Considerations
While the long-term outlook appears bullish, it's essential to monitor key support levels. A drop below $120,000 could signal a short-term correction. Additionally, the stochastic oscillator indicates an overbought condition, which may lead to a pullback.
Resistance Levels:
$124,652.59
$127,266.08
$129,248.44
Support Levels:
$120,056.73
$118,074.38
$115,460.88
These levels are based on Barchart's technical analysis and are derived from the most recent data available.
📈 Technical Indicators
Relative Strength Index (RSI): The RSI is currently at 61.95%, indicating that Bitcoin is neither overbought nor oversold.
Stochastic Oscillator: Both the %K and %D lines are in the 80% range, suggesting that Bitcoin is in an overbought condition, which could precede a pullback.
Average True Range (ATR): The 9-day ATR is 3,316.77, indicating a daily price movement of approximately 2.73%.
Directional Movement Index (DMI): The +DI is at 35.72, and the -DI is at 10.17, suggesting a strong bullish trend.
🔮 Market Outlook
Analysts project that Bitcoin may reach up to $126,865 within the next week, with a potential target of $129,753 over the next four weeks.
⚠️ Risk Considerations
While the long-term outlook appears bullish, it's essential to monitor key support levels. A drop below $120,000 could signal a short-term correction. Additionally, the stochastic oscillator indicates an overbought condition, which may lead to a pullback.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.