What are the support and resistance levels for $BTC?
Current Bitcoin Price: $124,024
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $110,500 | 100 EMA is the 100‑day Exponential Moving Average. It is the average price over the last 100 days. It shows market trends over a mid or long term. |
| Support 2 | $105,800 | Bollinger Bands are volatility bands. They expand and contract based on the market volatility. Lower Bollinger Band is the lower deviation from the 20‑day simple moving average. |
| Resistance 1 | $128,200 | 50 EMA is the 50‑day Exponential Moving Average. It is the average price over the last 50 days. It shows market trends over a short or mid term. |
| Resistance 2 | $133,500 | Upper Bollinger Band is the upper deviation from the 20‑day simple moving average. |
FAQ
What price targets should I consider for Bitcoin $BTC?
Support at $110,500. Resistance near $128,200. Extension target $137,995. These are key levels.
Should I sell Bitcoin to take profits or wait?
The market bias is Bearish. Stochastic RSI is 35. Resistance sits at $128,200. Place stop‑loss below $104,000. Be cautious now.
How do I set stop‑loss levels for Bitcoin?
Place stops below $105,800 support. Consider using swing lows. Protect your capital always.
What are the Bitcoin moving averages indicating?
EMA50 is at $128,200. EMA100 is at $110,500. Bitcoin trades at $124,024. Compare these values for trends. Price is between EMAs. This shows uncertainty. EMA50 is above EMA100 still.
What should a buyer or seller do?
Buyers can enter near $110,500 or $105,800. Place stops below $104,000. Sellers can exit near $128,200 or $133,500. Take profits at $137,995. Manage your risk carefully. This is important.
How do Fibonacci levels affect Bitcoin price?
Fibonacci 61.8 % level sits at $101,423. Fibonacci 138.2 % extension targets $137,995. Watch these levels.
What does $BTC momentum show?
Stochastic RSI K reads 35. Values above 80 mean overbought. Values below 20 mean oversold. Values between 20‑80 show neutral momentum. Current momentum is neutral.
Conclusion
Bitcoin shows weakness below $110,500 support. Eyes on $101,423 for breakdown risk. Momentum favors bears. Another sell‑off may follow. Stay cautious. Protect capital. Trade wisely.