$BTC

✅ Overview:

Current Price: $111,034.44

The trend is clearly upward since the major bottom at $15,476.00.

The price is recording higher highs & higher lows.

It has surpassed major resistance levels and settled above them, confirming the upward momentum.

Moving Averages (EMA)

The price is strongly supported by the EMA, and there is no current reversal signal.

RSI Indicator (Relative Strength Index):

RSI (6) = 75.48

Above level 70 → Entered overbought territory

However, there is no sharp downward signal, which means the rise may continue for a short period before a correction.

MACD

DIF = 17,373.26

DEA = 14,781.31

MACD = +2,591.95

The upward momentum is very strong, and there is no negative crossover signal (Bearish Cross).

Supports and Resistances:

Resistance Notes

111,999 – 116,825 Very strong resistance area, if broken with a weekly close we might see a new ATH.

Support Notes

98,800 USDT EMA 7 support – very important.

95,590 USDT Previous local support.

74,000 USDT Strategic support (EMA 25).

Final Technical Analysis:

Element Rating

Trend Strongly Upward

Momentum High (RSI > 75)

Buying Opportunities After breaking 112K with a strong close or during a correction to 98-100K

🔹 Selling Opportunities Only if it fails to break resistance and shows a reversal pattern

Important Note:

The market is currently near a strong resistance area (111K–116K), so any new entry should be cautious, with a clear stop loss set below support at 98K.

There are currently no major weakness signals, but RSI saturation means a correction is possible at any moment.