
Uniglobe Markets
February 6, 2025 at 12:48 PM
Bitcoin (BTC) Technical Analysis Overview:
Trend: Bitcoin is in a downtrend, currently trading at 97314, below most moving averages, with the MACD indicating a weak negative trend.
Sell Recommendation: Target 96022, with a stop loss at 98194.
Bullish Scenario: If the price rises above 98194, the next target is 98790.
Key Levels:
Resistance: 97853.7 (1st), 98360.4 (2nd)
Support: 96568.4 (2nd), 96957.7 (1st)
Pivot Level: 97464.4