Find key trading signals and next moves. Read till the end to find hidden Bitcoin targets that most traders miss.
Get urgent insights about Bitcoin now. Bitcoin price movements are intensifying. Will Bitcoin breakout or crash? Find the key trading signals. Learn your next move. Please read to the end. Catch hidden Bitcoin targets. Most traders miss them.
Bitcoin is trading at $102,255 today. $BTC is above the important support level of $98,500. Discover the next target.
What are the support and resistance levels for $BTC?
Current Bitcoin price: $102255
| level | Price (USD) | explanation |
|---|---|---|
| support 1 | $98,500 | The 100 EMA is a 100-day exponential moving average. Average price over the past 100 days. Indicates medium- to long-term market trends. |
| support 2 | $96,000 | Bollinger bands are volatility bands. Expand and contract based on market volatility. The lower bound of the Bollinger Band indicates a low deviation from the 20-day simple moving average. |
| resistance 1 | $103,500 | The 50 EMA is a 50-day exponential moving average. Average price over the past 50 days. Indicates short-term or medium-term market trends. |
| resistance 2 | $106,000 | The Upper Bollinger Band is the upper deviation from the 20-day simple moving average. |
FAQ
What Bitcoin price targets should I consider?
Support at $98,500. Resistance near $103,500. Extension goal is $133,911.
Is Bitcoin bullish?
Market bias is bearish.
Stochastic RSI K is 15.2. Resistance is located at $103,500. Set your stop loss below $95,500.
How do I set a stop loss level for Bitcoin?
Place a stop below the $96,000 support. Consider using your swing low as a reference point. Let’s protect the capital.
What does Bitcoin’s moving average indicate?
EMA50 is $103,500. EMA100 is $98500. Bitcoin is trading at $102,255. Compare these values to determine the direction of the trend. The price is below the EMA50. The price is above EMA100. This indicates mixed signals.
Should you buy or sell BTC?
Buyers could enter near $98,500 or $96,000. Places stop below $95,500. Sellers could exit near $103,500 or $106,000. Profit taken at $133,911. Manage your risks carefully. Invest only what you can afford to lose.
How do Fibonacci levels affect Bitcoin price?
The Fibonacci 61.8% level is located at $109,990. The target of the Fibonacci 138.2% extension is $133,911. These levels provide future goals.
What does the $BTC momentum indicate?
Stochastic RSI K reads 15.2. D reads 10.5. Values above 80 indicate overbought conditions. Values below 20 indicate oversold conditions. Also, values between 20 and 80 indicate neutral momentum. Current numbers suggest oversold.
conclusion
Bitcoin shows weakness below the $98,500 support. Focus on $96,000 as failure risk. Momentum favors the bears. Further declines are likely. Be prudent and protect your capital. Trade smartly now.
Disclaimer
The information discussed on Altcoin Buzz does not constitute financial advice. This is for educational, entertainment, and informational purposes only. All information and strategies presented are the thoughts and opinions of the writer/reviewer, and their risk tolerance may differ from yours. We are not responsible for any losses you may suffer from investments that are directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments. So please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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