BTC/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
BTC/USD is currently exhibiting a constructive recovery phase, trading at approximately 77897.00 and maintaining a position comfortably above the 60.00-day Simple Moving Average, which currently sits at 70117.00. This positioning indicates a shift from earlier bearish pressure toward a renewed medium-term bullish bias, a sentiment further supported by an RSI reading of 57.80, which suggests healthy upward momentum with ample room before reaching overbought conditions.



The price is currently testing the 23.60% Fibonacci retracement level near 78523.00; a decisive daily close above this technical hurdle would likely clear the path toward the next major resistance zone at 83375.00. Conversely, the market has established a robust support floor between 64500.00 and 65500.00, which, combined with the ascending SMA-60.00, provides a significant structural cushion should the asset undergo a short-term consolidation before its next leg up.

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