#MarvinVasquez 🚨🚨Analyze to Succeed 💰💰💰
Analysis of BTC charts: key levels to keep in mind.✨▫️✨🔸✨
Bitcoin remains in an uptrend on its daily chart, after having touched a recent high of $112,000. Now, all traders' attention is focused on the $106,000 and $107,000 zone. If the price manages to bounce back strongly and forms a bullish engulfing candle above that level, it could be a good entry signal.
👉Resistances to consider:✨✨
$108,307: the closest and strongest resistance is at this level, in line with the EMA 20 and 100.
$110,000: the most important psychological level at the moment, whose surpassing and maintaining would allow projecting new all-time highs.
$111,980: the all-time high, where the strongest resistance would be.
👉Supports to watch:✨✨
$106,700: there is a kind of double bottom at this level, whose loss would be significantly bearish for BTC.
$105,000: the key psychological support whose loss could cast doubt on new highs for next week.
$102,128: the really strong support might not be found until levels as low as $102,000. Its loss could lead BTC to seek support at $99,000.
The RSI, at 47 points, shows that BTC's price is at a neutral point, so the next directions are not so clear. We must stick to the mentioned resistance and support levels.
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BTCDOMUSDT
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5166
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