Bitcoin continues to please investors with its dynamics, showing price growth supported by NUPL indicators and technical indicators.
Current Market Conditions Analysis
Bitcoin reached $87,259.93, with data showing it changed from $58,600 during the last phase. This highlights the potential for further growth as Bitcoin has not reached its maximum potential in the current market cycle.
Key Support and Resistance Levels
Bitcoin's price is supported in the range of $30,000 - $40,000, where accumulation previously occurred. New resistance levels are in the $85,000 - $90,000 range, with further growth possible based on historical patterns.
Bitcoin's Neutral Indicators: Possible Trend Reversal
The current RSI at 51.48 shows neutral market conditions, while the MACD indicates weakening downtrend, which may lead to a price increase.
Bitcoin continues to attract attention with its positive dynamics, supported by both historical data and current indicators. The observed trend may lead to new heights.
