BTCUSD Declines,Watch Resistance at 60,000 and Support at 52,000

7 days agoThe BTCUSD chart shows a dominant downtrend as the price trades below key moving averages: EMA 34 at 58,760 USDT and EMA 89 at 60,759 USDT.

The MACD indicator remains in a negative state, with the MACD line below the signal line, indicating strong selling pressure and a potential continuation of the short-term downtrend.

A positive scenario would be a recovery towards Target 1 (60,000 - 62,000 USDT) before facing significant selling pressure. If resistance is not broken, the price is likely to return to support at Target 2 (52,000 - 54,000 USDT).

7 days ago

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6 days ago

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BTCUSD is trading at $57,818, up 0.14% in the past 24 hours. The market is stabilizing after bouncing from support at $56,000. Analysts expect a potential breakout by late September, as historical post-halving trends suggest a bullish move.