Bitcoin (BTC) Technical Analysis today is at 83227, and trading appears to be in a downtrend. The cryptocurrency price appears to be trading below most Moving Average indicator crossovers, and the MACD indicator indicates a negative trend.
Accordingly, in the case of a buy, we will wait for the price to rise to 83673 to target the 84107 area, with a stop-loss at 82614.
Bitcoin (BTC) Technical Analysis: On the other hand,
in the case of a bullish trend, we will wait for the price to fall to the resistance area of 82614. The price may head towards the 82234 area.
Bitcoin (BTC) Technical Analysis: Resistance and Support Levels
- Second Resistance: 83764.3
- First Resistance: 83477.6
- Pivot Level: 83015.3
- First Support: 82728.6
- Second Support: 82266.3
