BitcoinShort
until it obeys the trendline support
At press time, the BTC traded at $66167, with an intraday rise of 0.24%.
The Bitcoin (BTC) indicators tools are fuzzy due to the consolidation witnessed in the last three months. 200-day EMA is on the bullish side, but 50-day EMA, MACD, and RSI are bearish.
Therefore, until it obeys the trendline support, it looks safe and could go $70033 and $73,643. However, if it breaks the trendline since overall sentiment appears bearish, the price could hit near support levels of $60278 and $56393.
The Bitcoin (BTC) indicators tools are fuzzy due to the consolidation witnessed in the last three months. 200-day EMA is on the bullish side, but 50-day EMA, MACD, and RSI are bearish.
Therefore, until it obeys the trendline support, it looks safe and could go $70033 and $73,643. However, if it breaks the trendline since overall sentiment appears bearish, the price could hit near support levels of $60278 and $56393.
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