Bitcoin Faces Resistance Test After Weekend Rebound
- Technical Analysis Warning: Bitcoin remains below key resistance after a technical breakdown, with analysts indicating that failure to break through the $63,600 to $65,000 range could lead to retesting lower targets at $54,000 and $47,500.
- Resistance Reconfiguration: SHAY_ANALYTICS noted that Bitcoin has confirmed a bearish breakdown from a multi-month symmetrical triangle, with prices still below former support areas, indicating that the downside bias remains unless buyers reclaim the broken range with stronger momentum.
- Short-Term Trend Analysis: Milad_sangari highlighted that Bitcoin has broken below an ascending parallel channel on the one-hour chart and is retesting former channel support as resistance in the $63,600 to $63,980 zone, suggesting that the health of the rebound still needs to be assessed.
- Cautious Market Sentiment: Despite the market bouncing from lower levels, buyers have yet to turn the recovery into a clear reclaim, with analysts warning that another rejection could push traders back toward lower support levels.
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Technical Analysis for SCRT
Technical Sentiment Analysis for Secret (SCRT). As of , Secret (SCRT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SCRT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SCRT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Secret (SCRT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0411 | 0.0467 | 0.0524 | 0.058 | 0.0637 | 0.0693 | 0.075 |
| Fibonacci | 0.0467 | 0.051 | 0.0537 | 0.058 | 0.0623 | 0.065 | 0.0693 |
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