#technicalanalysis

Bitcoin's chart analysis reveals some intriguing insights 📊! Currently, Bitcoin is trading at $105,243*, having dipped *-4.82% recently 📉. Let's dive into the key technical points.

Technical Indicators & Trends
*Current Price*: $105,243 💰
*50-Day SMA*: $114,624 📈 - indicating potential resistance.
*200-Day SMA*: $105,533 📊 - crucial support level.
*14-Day RSI*: 37.09 🔍 - neutral territory.
Trend*: *Bearish breakdown 🌧️ - price broke below the long-term ascending trendline.
Market Structure*: After rejecting near *$117,000*, BTC dropped below both the *Ichimoku cloud and trendline, confirming downside pressure.
Support Levels*: $106,416, $104,771, and strongest at *$102,024 🛡️.
Resistance Levels*: $110,808, $113,555, and *$115,200 🚧.

Chart Patterns & Analysis
Ichimoku Cloud*: Price broke below the cloud, indicating *downside pressure 🌩️.
Candlestick Patterns*: Traders watch for patterns like *Hammer*, *Bullish Engulfing*, or *Bearish Harami 🔮.
Volume Balance*: *Negative volume balance indicates sellers are aggressive while buyers are passive 📉.
Wave Analysis*: Bitcoin is still within *Wave 4 consolidation 🌊.
Fibonacci Levels*: Potential retracement targets lie around key *Fibonacci levels 📐.

Predictions & Insights
Short-term Prediction*: Bitcoin might reach *$110,144 🚀 (+1%) tomorrow.
Next Week*: Could hit *$117,564 📈 (6.74% increase).
November 2025 Forecast*: Predicted at *$112,848 🌟.
Long-term Outlook*: Analysts suggest a *bullish rally 🚀 in late 2025 driven by new financial products and Fed rate cuts.
Corporate Holdings*: Over *172 public companies now hold Bitcoin 🏢, with Strategy (formerly MicroStrategy) leading with 640,250 BTC 💸.

Hope this chart deep-dive helps you navigate the crypto seas 🌊! ¹ ² ³