Trends are mixed but improving. Itās broken above $60K resistance and out of Symmetrical Triangle pattern and could revisit $72K. Itās now retesting that breakout level. Stop Loss at $57K.
Weekly Price Analysis
Price 7 Days Ago: $65,650
7-Day Price Change: -5.50%
Weekās Opening Price: $63,200
Trend:Ā Short-term trend is Neutral, Medium-term trend is Up, Long-term trend is Strong Down.
MomentumĀ is Bearish. Price is neither overbought nor oversold currently.
Support and Resistance:Ā Nearest Support Zone is $56,500.00, then $50,000.00.Ā Nearest Resistance Zone is $72,000.00.
Technical Indicators
RSI: 45 (neutral, but leaning slightly toward oversold territory)
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