Price: $108,745
Recent High: $111,958
Recent Low: $92,810
EMA Cluster (5, 10, 20): ~$109,130–109,280
RSI(6): 38.89 (near oversold)
RSI(12): 47.24
RSI(24): 51.67
MACD: Negative histogram, lines converging but no cross yet
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Technical Analysis
Trend:
BTC is consolidating just below the short-term EMA cluster after a strong rally from ~$92,800 to ~$111,950 over the past weeks. The price is currently testing the support near $108,500–$109,000 zone, which aligns with the EMAs acting as dynamic support.
Momentum:
RSI near 38.9 on the shortest timeframe shows short-term oversold conditions, suggesting a potential bounce soon. However, RSI(12) and RSI(24) in the 47–51 range show a neutral to mildly bearish momentum overall.
MACD histogram is negative but the signal and MACD lines are converging, indicating momentum may soon shift if a bullish crossover occurs.
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Key Levels
Support Zones:
$108,000 – $109,000 (EMA cluster + recent price consolidation)
$105,000 (psychological support and prior minor consolidation)
$101,000 – $102,000 (CME gap zone, strong institutional interest likely)
Resistance Zones:
$111,900 – $112,000 (recent all-time high zone, major supply zone)
$114,000 – $115,000 (round number resistance, prior supply)
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Upcoming Move & Strategy
Bullish Scenario:
If BTC holds above $108,000 and breaks back above EMA cluster with increasing volume, look for a move back toward $112,000–$115,000. A MACD bullish crossover combined with RSI climbing above 50 would confirm momentum recovery.
Bearish Scenario:
If BTC breaks decisively below $108,000 with strong volume, expect a pullback toward $105,000 and possibly to the CME gap zone near $101,000–$102,000. Confirmation would be MACD continuing downward and RSI dropping below 40.
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Summary
BTC is in a healthy consolidation phase after a strong rally, currently testing key dynamic supports. Watch the EMA cluster ($108k–$109k) closely for a bounce or breakdown. Momentum indicators suggest a potential bounce soon, but confirmation via MACD and RSI is crucial before committing. Next major upside target remains the $112k-$115k zone, while downside risk sits near $105k and $101k.
Recent High: $111,958
Recent Low: $92,810
EMA Cluster (5, 10, 20): ~$109,130–109,280
RSI(6): 38.89 (near oversold)
RSI(12): 47.24
RSI(24): 51.67
MACD: Negative histogram, lines converging but no cross yet
---
Technical Analysis
Trend:
BTC is consolidating just below the short-term EMA cluster after a strong rally from ~$92,800 to ~$111,950 over the past weeks. The price is currently testing the support near $108,500–$109,000 zone, which aligns with the EMAs acting as dynamic support.
Momentum:
RSI near 38.9 on the shortest timeframe shows short-term oversold conditions, suggesting a potential bounce soon. However, RSI(12) and RSI(24) in the 47–51 range show a neutral to mildly bearish momentum overall.
MACD histogram is negative but the signal and MACD lines are converging, indicating momentum may soon shift if a bullish crossover occurs.
---
Key Levels
Support Zones:
$108,000 – $109,000 (EMA cluster + recent price consolidation)
$105,000 (psychological support and prior minor consolidation)
$101,000 – $102,000 (CME gap zone, strong institutional interest likely)
Resistance Zones:
$111,900 – $112,000 (recent all-time high zone, major supply zone)
$114,000 – $115,000 (round number resistance, prior supply)
---
Upcoming Move & Strategy
Bullish Scenario:
If BTC holds above $108,000 and breaks back above EMA cluster with increasing volume, look for a move back toward $112,000–$115,000. A MACD bullish crossover combined with RSI climbing above 50 would confirm momentum recovery.
Bearish Scenario:
If BTC breaks decisively below $108,000 with strong volume, expect a pullback toward $105,000 and possibly to the CME gap zone near $101,000–$102,000. Confirmation would be MACD continuing downward and RSI dropping below 40.
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Summary
BTC is in a healthy consolidation phase after a strong rally, currently testing key dynamic supports. Watch the EMA cluster ($108k–$109k) closely for a bounce or breakdown. Momentum indicators suggest a potential bounce soon, but confirmation via MACD and RSI is crucial before committing. Next major upside target remains the $112k-$115k zone, while downside risk sits near $105k and $101k.
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.