We’re back looking at the #Bitcoin chart. While BTC stays above the 55-day MA (currently at 101,116), we remain overall bullish. But here’s the catch:
🔍 What I’m watching:
• The MACD is still below zero — no clear buy signal yet.
• The RSI is encouraging (above 50), but…
• 📉 No surge in volume = caution.
• DMI also not giving a strong green light.
👉 So, we might need more consolidation before the next leg higher. Patience is key!
If BTC clears these highs?
🎯 I’d target ~114,000 (top of the long-term channel since 2021).
For now, staying positive but waiting for that volume confirmation. 💪
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
🔍 What I’m watching:
• The MACD is still below zero — no clear buy signal yet.
• The RSI is encouraging (above 50), but…
• 📉 No surge in volume = caution.
• DMI also not giving a strong green light.
👉 So, we might need more consolidation before the next leg higher. Patience is key!
If BTC clears these highs?
🎯 I’d target ~114,000 (top of the long-term channel since 2021).
For now, staying positive but waiting for that volume confirmation. 💪
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
The STA is the oldest technical analysis organisation in the world and to celebrate that fact, we have a free downloadable book on technical analysis here -
technicalanalysts.com
technicalanalysts.com
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.