Find key trading signals and the next move. Read till the end to catch hidden Bitcoin targets most traders miss.
Bitcoin trades at $94994. $BTC is above $90500. Bitcoin has lost a high‑timeframe trend line. So a rebound to retest the underside is likely before price retests nearby supports.
What are the support and resistance levels for $BTC?
Current Bitcoin Price: $94994
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $90500 | 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 | $88000 | Bollinger Bands are volatility bands. They expand and contract in response to market volatility. The lower Bollinger Band is the lower deviation from the 20-day simple moving average. |
| Resistance 1 | $96500 | 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 | $99000 | Upper Bollinger Band is the upper deviation from the 20-day simple moving average. |
FAQ
What Bitcoin price targets should I consider?
Support at $90500. Resistance near $96500. Target $136372.
Is Bitcoin Bullish?
Market bias is Bearish. Stochastic RSI is 35/40. Resistance at $96500. Stop-loss below $88000.
How do I set stop-loss levels for Bitcoin?
Place stops below $88000 support. Consider using swing lows.
What are the Bitcoin moving averages indicating?
EMA50 is $96500. EMA100 is $90500. Bitcoin is $94994. This shows mixed signals.
Should I buy or sell BTC?
Buyers enter near $90500 or $88000. Stops below $88000. Sellers exit near $96500 or $99000. Profits at $136372. Manage risk.
How do Fibonacci levels affect Bitcoin price?
Fibonacci 61.8% is $106010. Fibonacci 138.2% targets $136372.
What does $BTC momentum show?
Stochastic RSI K reads 35. Above 80 is overbought. Below 20 is oversold. Between 20-80 is neutral. Reading bearish.
Conclusion
Bitcoin shows weakness below $90500. Eyes on $88000 for breakdown. Momentum favors bears. 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.
The post Bitcoin Price Trendline Breakdown? What Indicators Say? appeared first on Altcoin Buzz.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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