📈 Analysis $BTC $ETH $BNB
Let's take a look at the current situation with $BTC. From the chart we see that the price of Bitcoin forms an interesting technical picture.
Basic moments:
Support and resistance:
The support level is around $60,000. This zone is marked with a purple block on the chart.
The resistance level is at $70,000. This level is also indicated on the chart.
Triangle:
Bitcoin price moves inside a descending triangle, which begins in March 2024. The upper border of the triangle passes through the levels around $75,000 and $65,000.
The lower border of the triangle passes through the support level of $60,000.
Breaking through boundaries:
The recent break of the lower border of the triangle could indicate a possible further decline in the price to the support level around $52,000.
Technical indicators:
Moving averages (MA 9, 25, 99) show a downward direction, which confirms the bearish mood of the market.
The Parabolic SAR indicator also indicates a continuation of the downward trend.
The Ichimoku Cloud is above the current price, which is also a bearish signal.
Volumes:
There is a decrease in trading volumes, which may indicate a lack of interest from buyers and a potential continuation of the downward trend.
Conclusion:
Bitcoin price is currently under pressure and a break above the $60,000 level could lead to further declines towards $52,000. However, it is worth monitoring trading volumes and indicators to confirm or refute the current trend. 🌐📉🔍
👉 Attention! Always conduct your own analysis and consider risks when making investment decisions.