Find key trading signals and next moves. Read till the end to find hidden Bitcoin targets that most traders miss.
Bitcoin is trading at $107,444 today. $BTC is above the important support level of $102,000. Discover your next target today.
What are the support and resistance levels for $BTC?
Current Bitcoin price: $107444
| level | Price (USD) | explanation |
|---|---|---|
| support 1 | $102,000 | 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 | $98,500 | Bollinger bands are volatility bands. Expand and contract based on market volatility. The lower Bollinger Band is the lower deviation from the 20-day simple moving average. |
| resistance 1 | $111500 | 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 | $115,000 | The Upper Bollinger Band is the upper deviation from the 20-day simple moving average. |
FAQ
What Bitcoin price targets should I consider?
Support price is $102,000. Resistance is approaching $111,500. The extension goal is $133,911.
Is Bitcoin bullish?
Market bias is bearish. Bitcoin is showing current weakness.
Stochastic RSI is 15. Resistance is located at $111,500. Set your stop loss below $102,000.
How do I set a stop loss level for Bitcoin?
Place a stop below the $102,000 support. Consider using your swing low as a reference point. Let’s protect the capital.
What does Bitcoin’s moving average indicate?
EMA50 is $111,500. EMA100 is $102,000. Bitcoin is trading at $107,444. The price is below the EMA50. This indicates short-term weakness. It is trading above the EMA100. This shows long-term strength. Note the cross.
Should you buy or sell BTC?
Buyers could enter near $102,000 or $98,500. Places stop below $98,500. Sellers could potentially exit near $111,500 or $115,000. Profit taken at $133,911. Manage your risks carefully. Consider dollar-cost averaging.
How do Fibonacci levels affect Bitcoin price?
The Fibonacci 61.8% level is located at $109,990. This is an important hurdle. The target of the Fibonacci 138.2% extension is $133,911. This is a potential upward move.
What does the $BTC momentum indicate?
Stochastic RSI K reads 15. Values above 80 indicate overbought conditions. Values below 20 indicate oversold conditions. Also, values between 20 and 80 indicate neutral momentum. Bitcoin is currently oversold. This could signal a bounce. However, the bearish bias still exists.
conclusion
Bitcoin is showing weakness below the $109,990 resistance. Note the failure risk of $102,000. Momentum currently favors the bears. Further declines are likely. Be prudent and protect your capital. Pay attention to price trends at key levels.
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 related directly or indirectly 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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