You can consider buying Bitcoin with a target of 93,200 using a combination of technical indicators. The RSI can help identify whether Bitcoin is in an overbought or oversold condition; a level around 40-50 in an uptrend could be a good entry point. The MACD crossover, where the MACD line crosses above the signal line, can confirm bullish momentum. Moving averages like the 50-day and 200-day can act as dynamic support levels, and if Bitcoin is trading above them, it strengthens the bullish bias. Pivot points, especially the support levels, can also help in identifying a good entry point while the resistance levels near the target should be monitored for potential take-profit areas.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.