šØ Bitcoin is pressing against resistanceā¦ and momentum is different this time! š„
BTC at 84,794$ on the 4-hour chart, and the price is trying to break out of the accumulation range after rising from 80,126$ to 87,395$.
š Technically:
ā¢ Price is above MA7, MA25, and MA99.
ā¢ MACD has risen to +116.04, with clear DIF outperforming DEA.
ā¢ KDJ is giving a positive signal.
ā¢ But RSI is at 72.91 and StochRSI at 89.48, meaning momentum is strong with a high chance of short-term profit-taking.
šÆ Decisive zone:
85,273 ā 85,626$
A 4H close above 85,626$ could push BTC to retest:
ā”ļø 87,395$ the previous peak.
If the breakout fails and price falls back below 83,700$ , it may bring the price back to:
ā”ļø 82,313$.
ā ļø Bitcoin is now facing a real test:
Strength is present, but confirmation will come from the closeānot just a momentary breakout.
Watch 85.6Kā¦ this area could determine the next move. š
#BTC #Bitcoin #Crypto #Binance
BTC at 84,794$ on the 4-hour chart, and the price is trying to break out of the accumulation range after rising from 80,126$ to 87,395$.
š Technically:
ā¢ Price is above MA7, MA25, and MA99.
ā¢ MACD has risen to +116.04, with clear DIF outperforming DEA.
ā¢ KDJ is giving a positive signal.
ā¢ But RSI is at 72.91 and StochRSI at 89.48, meaning momentum is strong with a high chance of short-term profit-taking.
šÆ Decisive zone:
85,273 ā 85,626$
A 4H close above 85,626$ could push BTC to retest:
ā”ļø 87,395$ the previous peak.
If the breakout fails and price falls back below 83,700$ , it may bring the price back to:
ā”ļø 82,313$.
ā ļø Bitcoin is now facing a real test:
Strength is present, but confirmation will come from the closeānot just a momentary breakout.
Watch 85.6Kā¦ this area could determine the next move. š
#BTC #Bitcoin #Crypto #Binance
