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Btcusdtechnicalanalysis

Bullish Bitcoin Find ResistanceFenzoFx—Bitcoin remains bullish above the 50-period simple moving average but lost momentum near the $95,995 resistance. It currently trades around $94,650. A breakout above $95,995 could trigger a move toward $99,560. Conversely, a close below $92,875 may lead to a drop toward $91,720, with further downside potential to $88,830 if selling pressure intensifies. >>> Prop Trading >>> No Deposit Bonus >>> %100 Deposit Bonus >>> Forex Analysis Contest All at FenzoFx Decentralized Forex Broker
COINBASE:BTCUSDLong
by FenzoFxBroker
Bitcoin Tests Critical Resistance Level: What's Next?FenzoFx—Bitcoin is testing the $88,650 resistance, a level it has rejected more than three times. The Stochastic and RSI 14 indicators remain in overbought territory, indicating short-term overvaluation. Entering the market at this price is not recommended. If BTC/USD stays below $88,650, a consolidation phase may follow, with potential dips to $88,140 and $82,810. Bullish Scenario The bearish outlook is invalidated if BTC closes above $88,650, potentially resuming the uptrend toward $90,000.
COINBASE:BTCUSD
by FenzoFxBroker
BTC/USD Rallies Above $82,140FenzoFx—Bitcoin has surged past $82,140 resistance and is now trading near $86,800, correcting 1.0% of its recent gains. The bullish trend persists above the 50-period simple moving average, with immediate support at $86,140 offering a potential entry point for buyers. If this level holds, the uptrend could target $89,000. Conversely, a dip below $86,140 might push prices toward $84,000 or $82,811. >>> No Deposit Bonus >>> %100 Deposit Bonus >>> Forex Analysis Contest All at FenzoFx Decentralized Forex Broker
COINBASE:BTCUSDLong
by FenzoFxBroker
WHY IS NOT THERE AN EXPLOSIVE PRICE MOVEMENT AFTER ATH?Honestly i was expecting a much more explosive move to the downside or upside, (more to the upside) last week before we breakout ATH. Im suprised there is decreasing volume with hesitant price action since there is no bad news at sight other than Fed stating they might stop buying more securities before they start to think increase on interest rates. And if you really think about it, it is a good new for every investor all over the world because it means fed doesnt think to increase rates this year and probably not gonna make significant change on its bond purchase program. Therefore there is still a lot of money in financial markets to spend like there is no tomorrow. Im not long or short btc at the moment but i closely watch for trendline and old ath for confirmation if price is bullish or bearish right now.
COINBASE:BTCUSD
by thegreatwall38