Bitcoin trades at $121,270 today. $BTC is above the significant support level of $115,000. Traders watch these levels closely. Discover the next targets. Will Bitcoin move higher? Or will it find new lows?
What are the support and resistance levels for $BTC?
Current Bitcoin Price: $121,270
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $115,000 | 100 EMA is the 100‑day Exponential Moving Average. It is the average price over the last 100 days. It shows market trends over a mid or long term. |
| Support 2 | $108,000 | Bollinger Bands are volatility bands. They expand and contract based on the market volatility. Lower Bollinger Band is the lower deviation from the 20‑day simple moving average. |
| Resistance 1 | $123,500 | 50 EMA is the 50‑day Exponential Moving Average. It is the average price over the last 50 days. It shows market trends over a short or mid‑term. |
| Resistance 2 | $128,000 | Upper Bollinger Band is the upper deviation from the 20‑day simple moving average. |
FAQ
What price targets should I consider for Bitcoin $BTC?
Support at $115,000. Resistance near $123,500. Extension target $136,602.
Should I sell Bitcoin to take profits or wait?
The market bias is Bearish.
Stochastic RSI is 35. Resistance sits at $123,500. Place stop‑loss below $114,000.
How do I set stop‑loss levels for Bitcoin?
Place stops below $114,000 support. Consider using swing lows as reference points.
What are the Bitcoin moving averages indicating?
Bitcoin price sits below 50 EMA. This shows short‑term bearishness. Price holds above 100 EMA. This indicates mid‑term strength. The 50 EMA is at $123,500. The 100 EMA is at $115,000. Bitcoin must reclaim 50 EMA. This signals a positive shift. Failure means more downside. Watch for these trend changes.
What should a buyer or seller do?
Buyers can enter near $115,000 or $108,000. These are strong support zones. Place stops below $114,000. This protects your capital. Sellers can exit near $123,500 or $128,000. These are resistance points. Take profits at $136,602. This is a key extension target. Manage your risk carefully. Always use stop‑loss orders.
EMA50 is at $123,500. EMA100 is at $115,000. Bitcoin trades at $121,270. Compare these values to determine trend direction.
How do Fibonacci levels affect Bitcoin price?
Fibonacci 61.8% level sits at $105,638. This is a key support. Fibonacci 138.2% extension targets $136,602. This shows a potential upside.
What does $BTC momentum show?
Stochastic RSI K reads 35. This is in the neutral zone. Values above 80 mean overbought conditions. Values below 20 mean oversold conditions. And, values between 20‑80 show neutral momentum. Stochastic RSI shows neutral momentum. It leans slightly bearish now. Watch for momentum shifts. A move above 80 suggests strength. A drop below 20 shows weakness.
Conclusion
Bitcoin shows weakness below $123,500 resistance. This level is critical for bulls. Eyes on $108,000 for breakdown risk. This is the lower Bollinger Band. Momentum favors bears. Another sell‑off may follow.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high‑risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.