Let's take a look at Bitcoin on the 15-minute timeframe. We're currently seeing a mix of signals on the charts. Higher timeframes are showing some bullish indicators, suggesting a potential rise towards the top of the range near $72k. However, it's important to approach this step by step, hence our focus on the 15-minute timeframe.
We're observing a promising ascending triangle pattern, typically a bullish signal. Additionally, the Stochastic RSI is in the oversold zone, which could drive a breakout to our measured move target.
On the flip side, we can't ignore the bearish signals. Both the MACD and RSI are trending downward, indicating potential for prices to dip before potentially bouncing back as influenced by larger timeframes. Staying adaptable and vigilant will be key in navigating these mixed signals.
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