Find key trading signals and the next move. Discover hidden Bitcoin targets.
Bitcoin trades at $124024 today. BTC is above $110500 support. Discover the next targets. This analysis is crucial.
What are the support and resistance levels for $BTC?
Current Bitcoin Price: $124024
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $110500 | 100 EMA is the 100 day Exponential Moving Average. It is the average price over the last 100 days. It shows market trends over a mid or long term. |
| Support 2 | $105800 | Bollinger Bands are volatility bands. They expand and contract based on the market volatility. Lower Bollinger Band is the lower deviation from the 20 day simple moving average. |
| Resistance 1 | $128200 | 50 EMA is the 50 day Exponential Moving Average. It is the average price over the last 50 days. It shows market trends over a short or mid term. |
| Resistance 2 | $133500 | Upper Bollinger Band is the upper deviation from the 20 day simple moving average. |
FAQ
What price targets should I consider for Bitcoin $BTC?
Support at $110500. Resistance near $128200. Extension target $137995. These are key levels.
Should I sell Bitcoin to take profits or wait?
The market bias is Bearish. Stochastic RSI is 35. Resistance sits at $128200. Place stop-loss below $104000. Be cautious now.
How do I set stop-loss levels for Bitcoin?
Place stops below $105800 support. Consider using swing lows. Protect your capital always.
What are the Bitcoin moving averages indicating?
EMA50 is at $128200. EMA100 is at $110500. Bitcoin trades at $124024. Compare these values for trends. Price is between EMAs. This shows uncertainty. EMA50 is above EMA100 still.
What should a buyer or seller do?
Buyers can enter near $110500 or $105800. Place stops below $104000. Sellers can exit near $128200 or $133500. Take profits at $137995. Manage your risk carefully. This is important.
How do Fibonacci levels affect Bitcoin price?
Fibonacci 61.8% level sits at $101423. Fibonacci 138.2% extension targets $137995. Watch these levels.
What does $BTC momentum show?
Stochastic RSI K reads 35. Values above 80 mean overbought. Values below 20 mean oversold. And, values between 20-80 show neutral momentum. Current momentum is neutral.
Conclusion
Bitcoin shows weakness below $110500 support. Eyes on $101423 for breakdown risk. Momentum favors bears. Another sell-off may follow. Stay cautious. Protect capital. Trade wisely.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers. Their risk tolerance may differ from yours. We are not responsible for any losses you may incur. This applies to investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments. Therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd
The post BTC Just Hit a New All-Time High, Is $137K Next or Is the Top In? appeared first on Altcoin Buzz.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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