🔷️BTC Analysis on the Daily Frame
1. Current price: approximately 112,422 USDT.
2. Moving Averages:
MA(7) = 111,154 → price is above it ✅ (Short-term positive signal).
MA(25) = 112,493 → price is very close to it and trying to break through.
MA(99) = 112,020 → price is currently above it ✅ (Medium-term positive signal).
3. Recent Candles:
After the drop to around 107,255, there was a strong rebound with an increase in trading volume (Vol) = liquidity entering the market.
The consecutive green candles indicate buying momentum.
4. Resistances and Supports:
Strong Support: 107,000 – 108,000
First Resistance: 112,500 (approximately MA25)
Second Resistance: 113,500 – 115,700
Strong Resistance: 117,400 – 118,000
5. Indicators:
RSI (expected around 55–60) → entering a positive area but still far from saturation.
MACD is about to give a positive crossover (Bullish Crossover).
📊 Daily Outlook
Positive in the short and medium term:
As long as the price is above 111K – 112K with stability above MA(99), the trend remains upward towards 113.5K – 115.7K.
If it breaks 117.5K with a daily close → the rise may extend to 120K – 122K.
In case of failure and stability below 111K → it may revert to test 108K – 107K as support.#BTC
