#Bitcoin is going to 82k but first visit this ...

13 jul

📊 Bitcoin Technical Analysis
Key Elements:

🔢 Fibonacci Retracement Levels:

0.786 (60,880)
0.709 (56,459)
0.618 (51,235)
0.5 (44,460)
0.382 (37,685)
0.236 (29,303)
0 (15,753)

📈 Dynamic Exponential Moving Average (DEMA 44):

Current value at 49,170.

🔵 Blue Support/Resistance Zone:

Around the 44,460 level, coinciding with the 0.5 Fibonacci retracement level.

📉 RSI (Relative Strength Index):

Current value at 61.41.

Analysis:

📏 Fibonacci Retracement Levels:

The 0.5 level at 44,460 is a key support/resistance area.

📈 DEMA (44, close):

Price is above the 44-period DEMA, indicating a potential bullish trend.

🔵 Blue Zone (Support/Resistance):

The blue zone around 44,460 is crucial for support.

📉 RSI Insights:

RSI at 61.41 suggests Bitcoin has room to move higher before hitting overbought conditions.

Special Insight: 📉📉

RSI Crosses: Each time the black RSI (Relative Strength Index) dips below the blue RSI, Bitcoin experiences a significant drop in prices.

💡 Opportunity Alert:

This drop is often the best time to pick altcoins, as Bitcoin might surge to 82,000 after such corrections.

Conclusion:

🔮 Given the current chart:

Bitcoin could revisit the blue line (around 44,460) if it retraces.
This level aligns with the 0.5 Fibonacci retracement and a significant support zone.
The trend is currently above the DEMA, and the RSI indicates potential upside.

Considerations:

📰 Market Sentiment and News: Stay updated on market sentiment and news events as they can significantly impact Bitcoin's price.

📉 Other Technical Indicators: Use additional indicators (e.g., volume, MACD, trend lines) to confirm your outlook.

🔔 Stay Informed: Future price movements can be influenced by many factors. It's important to remain updated with the latest market conditions.