$BTC Technical Analysis and Price Forecast.
Bitcoin has been breakout from the 200EMA and the Most important fib level of 0.382. At the time of writing this Bitcoin is trading near $75,000.
If Bitcoin will make a day close above $72,000 it will keep the bullish momentum continue and may hit $77,743 soon. If this scenarios turned valid the next target will be $82,000.
however a strong rejection from $77,743 and a day close below $72,000 can bring back the bearish momentum..
The Relative Strength Index RSI is at 82 consolidating in oversold territory indicating the demand has been increase.
Bitcoin has been breakout from the 200EMA and the Most important fib level of 0.382. At the time of writing this Bitcoin is trading near $75,000.
If Bitcoin will make a day close above $72,000 it will keep the bullish momentum continue and may hit $77,743 soon. If this scenarios turned valid the next target will be $82,000.
however a strong rejection from $77,743 and a day close below $72,000 can bring back the bearish momentum..
The Relative Strength Index RSI is at 82 consolidating in oversold territory indicating the demand has been increase.