๐ Bitcoin Aiming for $80k: What the chart is telling us?
BTC is at a critical juncture and the technical indicators are showing impressive buying strength! Letโs break down the key points that could define the next few days:
๐ Quick Technical Analysis:
Resistance Zone: The price is struggling to break the psychological barrier of $80,063. If we close above that, the sky's the limit!
Moving Averages (MA): The price is still trading well above the 99 MA ($77,258), confirming the bullish trend on the 4-hour candlestick chart.
Fibonacci: The main support is anchored at the 0.786 level ($76,500). As long as we stay above this, the bias remains "buy the dip."
RSI (14): Currently at 62.54, indicating we still have room to run before hitting an extreme "overbought" zone (above 70).
๐ก My Strategy:
As I always share with you, the focus is on the long term. Iโm using this market strength to:
Watch the performance of my SOL pools on Kamino.
Continue my DCA strategy in BNB, as BTC's rise usually pulls BNB for new Launchpool launches!
๐ I want to hear from you:
Do you think weโll break $80,000 today or will we see a healthy correction first?
Drop your bet here for the weekโs close! ๐๐ฅ
#Bitcoin #BTC #CryptoNews #TechnicalAnalysis #HODL #BinanceSquare
BTC is at a critical juncture and the technical indicators are showing impressive buying strength! Letโs break down the key points that could define the next few days:
๐ Quick Technical Analysis:
Resistance Zone: The price is struggling to break the psychological barrier of $80,063. If we close above that, the sky's the limit!
Moving Averages (MA): The price is still trading well above the 99 MA ($77,258), confirming the bullish trend on the 4-hour candlestick chart.
Fibonacci: The main support is anchored at the 0.786 level ($76,500). As long as we stay above this, the bias remains "buy the dip."
RSI (14): Currently at 62.54, indicating we still have room to run before hitting an extreme "overbought" zone (above 70).
๐ก My Strategy:
As I always share with you, the focus is on the long term. Iโm using this market strength to:
Watch the performance of my SOL pools on Kamino.
Continue my DCA strategy in BNB, as BTC's rise usually pulls BNB for new Launchpool launches!
๐ I want to hear from you:
Do you think weโll break $80,000 today or will we see a healthy correction first?
Drop your bet here for the weekโs close! ๐๐ฅ
#Bitcoin #BTC #CryptoNews #TechnicalAnalysis #HODL #BinanceSquare
