Find key trading signals and the next move. Read till the end to catch hidden Bitcoin targets most traders miss.
Bitcoin’s price action heats up. Will Bitcoin break out or crash? Find key trading signals. Learn the next move now. Hidden Bitcoin targets await. Read till the end.
Bitcoin trades at $115454 today. $BTC is above the significant support level of $110000. Discover the next targets here.
What are the support and resistance levels for $BTC?
Current Bitcoin Price: $115454.
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $110000 | 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 | $108500 | 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 | $116500 | 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 | $120000 | 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 $110000. Resistance near $116500. Extension target $136439. Watch these levels closely.
Should I sell Bitcoin to take profits or wait?
The market bias is Bearish.
Stochastic RSI is 15. Resistance sits at $116500. Place stop-loss below $108500. Act with caution.
How do I set stop-loss levels for Bitcoin?
Place stops below $108500 support. Consider using swing lows. Protect your capital. Set clear exit points.
What are the Bitcoin moving averages indicating?
EMA50 is at $116500. EMA100 is at $110000. Bitcoin trades at $115454. Compare these values now. Price is below EMA50 resistance. Price is above EMA100 support. This shows short-term weakness. Mid-term trend holds support.
What should a buyer or seller do?
Buyers can enter near $110000 or $108500. Place stops below $108500. Sellers can exit near $116500 or $120000. Take profits at $136439. Manage your risk carefully. Plan your trades well.
EMA50 is at $116500. EMA100 is at $110000. Bitcoin trades at $115454. Compare these values to determine trend direction.
How do Fibonacci levels affect Bitcoin price?
Fibonacci 61.8% level sits at $105901. Fibonacci 138.2% extension targets $136439. These are crucial levels. Monitor them closely.
What does $BTC momentum show?
Stochastic RSI K reads 15. Values above 80 mean overbought conditions. Values below 20 mean oversold conditions. And, values between 20-80 show neutral momentum. $BTC is currently oversold. This implies potential volatility. Or further downside is possible.
Conclusion
Bitcoin shows weakness below $116500 resistance. Eyes on $110000 for breakdown risk. Momentum is oversold at 15. This suggests potential volatility. Further sell-off may follow. Stay cautious now. Protect your capital well.
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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