The chart shows a consistent pattern of bullish cycles, each lasting approximately 185 days. Currently, BTC is consolidating around $97,000, with strong support levels near the 100 EMA ($85,000). If history repeats, another 185-day cycle could push BTC towards the $110,000 resistance zone by August 2025. However, if BTC breaks below the 200 EMA, it may retrace to...
A bearish divergence was detected on Indonesia's population chart using MACD and RSI indicators. Typically used in financial markets to predict trend reversals, applying these tools to population data may not be relevant. Bearish divergence happens when data shows higher highs, but indicators show lower highs, hinting at weakening momentum. While this could...
On the 4-hour BTC/USD chart, a Bullish Wick pattern is observed, followed by a price decline towards the support area. Currently, Bitcoin is moving in a downtrend with significant selling pressure. Be cautious of a potential breakdown below this support level. It is advisable to wait for further confirmation before making any buy or sell decisions.