What are the support and resistance levels for $BTC?
Current Bitcoin Price: $112153
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $108000 | EMA100 Support |
| Support 2 | $105000 | Lower BB Support |
| Resistance 1 | $115000 | EMA50 Resistance |
| Resistance 2 | $118000 | Upper BB Resistance |
What are the Bitcoin moving averages indicating?
EMA50 is at $115000. EMA100 is at $108000. Bitcoin trades at $112153. Price is below EMA50. This shows a bearish short-term trend. Price is above EMA100. This suggests mid-term support holds.
How do Fibonacci levels affect Bitcoin price?
Fibonacci 61.8% level sits at $98900. Fibonacci 138.2% extension targets $138805. Price could find support near $98900. $138805 is a strong upside target.
What does $BTC momentum show?
Stochastic RSI K reads 25. Values above 80 mean overbought conditions. Values below 20 mean oversold conditions. And values between 20-80 show neutral momentum. Stochastic RSI is in neutral zone. It approaches oversold conditions. This suggests weakness. Selling pressure may persist.
What should a buyer or seller do?
Buyers can enter near $108000 or $105000. Place stops below $105000. Sellers can exit near $115000 or $118000. Take profits at $138805. Manage your risk carefully.
Conclusion
Bitcoin shows weakness below $115000 resistance. Eyes on $108000 for breakdown risk. Momentum shows neutral-to-bearish signals. Another sell-off may follow. Stay cautious, and protect capital.
FAQ
What price targets should I consider for Bitcoin $BTC?
Support at $108000. Resistance near $115000. Extension target $138805.
Should I sell Bitcoin to take profits or wait?
Stochastic RSI is 25. Resistance sits at $115000. Place stop-loss below $105000.
How do I set stop-loss levels for Bitcoin?
Place stops below $105000 support. Consider using swing lows as reference points.