🚨 BİTCOŞAR Bitcoin (BTC) Special Analysis (VIP Analysis and Signal)
Bitcoin closed the daily candle at the $94,591 level. It has been closing positively for the past two days. However, since the candles are low in volume, this is still not sufficient to confirm a bullish reversal signal. $BTC BTC 95,202.07 +1.58% The 50-day moving average (50MA) has risen to $93,374. For now, it appears to act as support. However, despite breaking this level on December 30, the price did not drop further. This indicates a "fake breakout." If we see a close above $96K today, the market will have a higher likelihood of moving upward. This is because $96K has become a key resistance level. That said, I believe this upward movement could still be a trap. Our critical levels are as follows: - $96K: Key resistance for a bullish reversal signal. - $93K: Critical support for a correction signal. For now, it seems more reasonable to stay on the sidelines and avoid opening any positions. Current Levels: Resistance Levels: $96K - $97K - $98K Current Price Level: $95,200 Support Levels: $94K - $93K - $92K #January Market: Which Altcoins Are Worth Watching? #Join Honor Credits New Year Draw & Win MacBook, Merch and More!
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🚨 BİTCOŞAR Bitcoin (BTC) Special Analysis (VIP Analysis and Signal)
Bitcoin closed the daily candle at the $94,591 level. It has been closing positively for the past two days. However, since the candles are low in volume, this is still not sufficient to confirm a bullish reversal signal. $BTC
BTC
95,202.07
+1.58%
The 50-day moving average (50MA) has risen to $93,374. For now, it appears to act as support. However, despite breaking this level on December 30, the price did not drop further. This indicates a "fake breakout."
If we see a close above $96K today, the market will have a higher likelihood of moving upward. This is because $96K has become a key resistance level.
That said, I believe this upward movement could still be a trap. Our critical levels are as follows:
- $96K: Key resistance for a bullish reversal signal.
- $93K: Critical support for a correction signal.
For now, it seems more reasonable to stay on the sidelines and avoid opening any positions.
Current Levels:
Resistance Levels: $96K - $97K - $98K
Current Price Level: $95,200
Support Levels: $94K - $93K - $92K
#January Market: Which Altcoins Are Worth Watching? #Join Honor Credits New Year Draw & Win MacBook, Merch and More!