🤯
$BTC : Is This Rally About To Fizzle Out?
Bitcoin is holding steady around $88,000, but don't get too comfortable. 📈 The price is stuck in a tight range, forming an isosceles triangle – a classic sign the market is pausing to catch its breath.
A push above could see
$BTC test $92,000, but strong resistance lies ahead, including the 50-day EMA at $91,829. Momentum indicators offer a glimmer of hope: the RSI is moving towards neutral, and the MACD shows bullish signs. However, a bearish crossover could quickly reverse gains. 📉
Watch out for a drop below $85,000, which could send
$BTC back down to $80,600. The next few days will be critical.
#Bitcoin #CryptoTrading #TechnicalAnalys #BTC 🚀