Technical analysis by tradingdxy85 about Symbol BTC: Buy recommendation (12/25/2024)

Trend & Moving Averages:The price is consolidating between MA50 (orange) at $98,392 and MA200 (green) at $96,569. This suggests indecision in the market, but a breakout above the MA200 could trigger stronger bullish momentum.RSI Momentum:RSI is currently at 65.17, indicating bullish momentum but nearing the overbought zone. This could lead to either a breakout or a short-term pullback.Key Levels:Support: $100,000Resistance: $96,000Strategy:Bullish: Wait for a confirmed breakout above $100,000, with a target towards $110,000+.Bearish: SL if price breaks below $96,000 BTCUSD .