$BTC : Same range, new signals
#Bitcoin's Weekly chart remains range-bound, with price holding around the 200-period SMA, a key level of dynamic support.
The RSI, a momentum oscillator, and the Stochastic, another momentum oscillator, are both rising, though neither has produced a clear signal yet.
The MACD, a trend and momentum indicator, keeps its histogram just above the zero line — a mildly constructive tilt within an otherwise tight range.
The Daily chart shows less conviction. Price bounced off the lower Bollinger Band, which marks the bottom of its recent volatility range, but the broader picture stays range-bound.
The RSI and Stochastic are both in neutral territory, and the MACD histogram sits just below the zero line. The ADX, which measures trend strength, is falling and reads very low, confirming there's no decisive directional move underway.
Key levels to watch:-
On the downside-
Support sits around $62,000,
with a deeper zone near $60,000.
To the upside-
Resistance comes in around the $66,000–$67,000 zone, followed by $75,000.
Always #DYOR and Trade wisely by using #StopLoss as well it's #NFA
#Bitcoin's Weekly chart remains range-bound, with price holding around the 200-period SMA, a key level of dynamic support.
The RSI, a momentum oscillator, and the Stochastic, another momentum oscillator, are both rising, though neither has produced a clear signal yet.
The MACD, a trend and momentum indicator, keeps its histogram just above the zero line — a mildly constructive tilt within an otherwise tight range.
The Daily chart shows less conviction. Price bounced off the lower Bollinger Band, which marks the bottom of its recent volatility range, but the broader picture stays range-bound.
The RSI and Stochastic are both in neutral territory, and the MACD histogram sits just below the zero line. The ADX, which measures trend strength, is falling and reads very low, confirming there's no decisive directional move underway.
Key levels to watch:-
On the downside-
Support sits around $62,000,
with a deeper zone near $60,000.
To the upside-
Resistance comes in around the $66,000–$67,000 zone, followed by $75,000.
Always #DYOR and Trade wisely by using #StopLoss as well it's #NFA
