$BTC /USDT Technical Analysis
Bitcoin (BTC) is showing strong bullish momentum on the daily chart. According to the shared setup, BTC is trading around $69,479, after a powerful upward move of approximately 7.41%. The price has broken above the $70,000 area intraday, showing strong buying pressure.
The 7-day moving average (MA7) is around $65,300, and BTC is trading significantly above it, which supports the current bullish structure. If buyers maintain momentum and BTC successfully breaks and holds above $70,000, the next potential resistance zones could be around $70,400–$72,000.
On the downside, $68,700 may act as an immediate support, while stronger support appears near $65,300 around the MA7.
Overall, the trend looks bullish, but after such a sharp move, a short-term pullback or consolidation is possible. Traders should watch volume and candle closes carefully.
Not financial advice.
#Bitcoin #BTC #BTCUSDT #CryptoAnalysis #crypto
Bitcoin (BTC) is showing strong bullish momentum on the daily chart. According to the shared setup, BTC is trading around $69,479, after a powerful upward move of approximately 7.41%. The price has broken above the $70,000 area intraday, showing strong buying pressure.
The 7-day moving average (MA7) is around $65,300, and BTC is trading significantly above it, which supports the current bullish structure. If buyers maintain momentum and BTC successfully breaks and holds above $70,000, the next potential resistance zones could be around $70,400–$72,000.
On the downside, $68,700 may act as an immediate support, while stronger support appears near $65,300 around the MA7.
Overall, the trend looks bullish, but after such a sharp move, a short-term pullback or consolidation is possible. Traders should watch volume and candle closes carefully.
Not financial advice.
#Bitcoin #BTC #BTCUSDT #CryptoAnalysis #crypto