

The Bitcoin / TetherUS chart displays a sideways trend with price volatility. A potential bullish engulfing pattern suggests a possible reversal. The MACD and volume indicators support a cautiously bullish outlook.
Attention is required as the price approaches significant resistance levels around 92,500.
The chart shows a sideways trend with periods of price volatility. There is no strong continuous upward or downward movement.
A potential bullish engulfing pattern is visible at the right side of the chart, indicating a possible reversal from a prior downtrend.
Several dojis and small-bodied candles suggest indecision in the market.
There is a bullish crossover where the MACD line crosses above the Signal line, indicating a shift towards upward momentum.
The histogram is moving into positive territory, which supports the bullish momentum and suggests increasing buying pressure.
No significant divergence observed between the MACD and price action, suggesting alignment of momentum.
There is a noticeable increase in volume accompanying the recent bullish candles, confirming the upward price movement.
The volume rise supports the recent price increase, implying genuine buying interest.
Higher-than-average volume spikes suggest possible institutional activity or significant market interest.
Around 86,000 has recently acted as a strong support area, of which the price has bounced back.
Attention should be paid to the 92,500 level, which has previously acted as strong resistance and could prove challenging to break.
Monitor these key levels for potential breakout or pullback opportunities.
Consider buying on confirmation of the bullish crossover and increased volume if the price holds above the 88,000 level.
Be cautious of resistance around 92,500. Consider taking profits or placing stop-loss orders below the recent support zone.
If already in a position, monitor closely as the price approaches known resistance levels while keeping an eye on the MACD for trend continuation signals.



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Secured By SSL. Copyright © Seekapa. All rights reserved. 2024
Company Information: This website (www.seekapa.com.com/) is operated by Bluepine Ltd, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD183. Bluepine Ltd is located at Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Bluepine Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Bluepine Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Bluepine Ltd is not a financial adviser.