Bitcoin Holds Near $81,000 as Chart Indicates Potential Move to $84,000
- Support Level Analysis: Bitcoin is currently trading around $81,164, maintaining above the critical support level of $81,000, and if buyers defend this support, it could push the price towards the $84,000 CME gap, thereby enhancing market confidence.
- Moving Average Resistance: Bitcoin has failed to close above the daily 200MA at $83,136 and the 200EMA at $82,048 on the daily chart, indicating that it still faces resistance in the short term, and failure to break through could limit further upside potential.
- Price Range Dynamics: The current short-term structure for Bitcoin remains constructive as long as the price stays above $81,000; however, if it falls below this level, it may retrace to the support range of $74,500 to $76,000, with further declines focusing on levels of $70,671 and $66,318.
- Future Trend Expectations: If Bitcoin can close above $82,048 and then $83,136, it may strengthen the rebound and open the path to higher resistance levels; however, losing the $81,000 support could shift market sentiment towards a more bearish outlook.
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Technical Analysis for TST
Technical Sentiment Analysis for Test (TST). As of , Test (TST) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TST 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, TST 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 $-.
Test (TST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00918 | 0.0124 | 0.015 | 0.0182 | 0.0208 | 0.024 | 0.0265 |
| Fibonacci | 0.0124 | 0.0146 | 0.016 | 0.0182 | 0.0204 | 0.0218 | 0.024 |
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