🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
[Price Trend Analysis]
1. Candlestick Patterns:
- The price has been fluctuating around 2300 recently, with significant volatility.
- Multiple long lower and upper shadows indicate the presence of significant buying pressure and selling pressure in the market.
2. Technical Indicators:
- MACD: Both DIF and DEA are negative, but the MACD histogram shows a gradually shrinking trend, which may indicate a weakening bearish momentum.
- RSI: RSI14 hovers between 40-50, not entering overbought or oversold zones, the market is in a relatively balanced state.
- EMA: EMA7 (2288.59) is lower than EMA30 (2328.23), and much lower than EMA120 (2486.01), indicating that the short-term and medium-term trends are still bearish.
3. Trading Volume:
- The Trading Volume of the recent few K-line has increased, especially during the rebound stage after the big dump, indicating a more intense market sentiment.
- Trading Volume significantly increases at high and low points, indicating that there is a large amount of capital entering at these positions. 2400-2150