BTC/USD Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Bitcoin on the 4-hour chart is stabilizing after a sharp drop, moving sideways between roughly 63000.00 and 71000.00 as it searches for direction. The current price is around 68000.00, with the 60-period simple moving average acting as resistance. The price has briefly risen above this SMA, but not strongly enough to confirm a breakout.



Key levels to watch are 71280.00 as immediate resistance, which, if broken, could signal a bullish shift, and 79390.00 as major resistance and a potential target for a full trend reversal. On the downside, 63000.00 is the main support, and a break below it could push the price toward 55000.00.

Momentum is improving, as seen in the MACD, with selling pressure fading, but the MACD remains below zero, indicating the market isn't fully bullish yet.

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