Bitcoin / TetherUS
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BTC: Approaching Resistance

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Bitcoin (BTC) technical analysis:

Trade setup: Trends are mixed. Price bounced off of $FWB:25K support and reached $28K resistance, which is also 200-day moving average. We wait for price to either 1) break above that resistance ($28K), which could signal uptrend resumption, with upside to $30K, or 2) pull back near $FWB:25K support for another swing entry.

Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.

Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $FWB:25K, then $21.5K. The nearest Resistance Zone is $28K, then $30K, and $32K.

Feragatname

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