Find key trading signals and the next move. Read till the end to catch hidden Bitcoin targets most traders miss.
Bitcoin trades at $118534 today. $BTC is above the significant support level of $115000. Discover the next targets.
What are the support and resistance levels for $BTC?
Current Bitcoin Price: $118534
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $115000 | 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 | $112500 | Bollinger Bands are volatility bands. They expand and contract based on the market volatility. The lower Bollinger Band is the lower deviation from the 20-day simple moving average. |
| Resistance 1 | $120000 | 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 | $123000 | 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 $115000. Resistance near $120000. Extension target $138508.
Should I sell Bitcoin to take profits or wait?
The market bias is Bearish. Stochastic RSI is 45. Resistance sits at $120000. Place stop-loss below $112500.
How do I set stop-loss levels for Bitcoin?
Place stops below $112500 support. Consider using swing lows as reference points.
What are the Bitcoin moving averages indicating?
EMA50 is at $120000. EMA100 is at $115000. Bitcoin trades at $118534. The price is below EMA50. This is a bearish signal. The price is above EMA100. This is a bullish signal. Overall, mixed signals appear. Watch for a clear break.
What should a buyer or seller do?
Buyers can enter near $115000 or $112500. Place stops below $112500. Sellers can exit near $120000 or $123000. Take profits at $138508. Manage your risk carefully.
How do Fibonacci levels affect Bitcoin price?
Fibonacci 61.8% level sits at $99380. Fibonacci 138.2% extension targets $138508.
What does $BTC momentum show?
Stochastic RSI K reads 45. Values above 80 mean overbought conditions. Values below 20 mean oversold conditions. And values between 20-80 show neutral momentum. Momentum is neutral.
Conclusion
Bitcoin shows weakness below $120000 resistance. Eyes on $115000 for breakdown risk. Momentum favors bears. Another sell-off may follow. Stay cautious, protect capital.
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, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any 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.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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