Bitcoin On A Rollercoaster Ride, Will It Safely Land?
Bitcoin has a market cap of $1.2 trillion and is currently ranked 1st in the crypto-verse. BTC is currently trading near the value of $61602 with a slight gain in the intraday session.
Bitcoin is forming consolidated candles on the daily chart. It is trading below the 50 and 100 EMA and has given a negative crossover. The upside trend of BTC can observe a halt near the value of $65k. Meanwhile, the support of the asset price can be seen near $58k
The RSI of Bitcoin price is currently near 36 with a small positive slope. The overall sentiment of the BTC is bullish.
Bitcoin consolidation has been continuing despite the bullish sentiment and positive outlook of the ETF. If BTC price has to touch $150k in the near future then a strong surge of active addresses and inflow is required in the ecosystem.
Bitcoin is forming consolidated candles on the daily chart. It is trading below the 50 and 100 EMA and has given a negative crossover. The upside trend of BTC can observe a halt near the value of $65k. Meanwhile, the support of the asset price can be seen near $58k
The RSI of Bitcoin price is currently near 36 with a small positive slope. The overall sentiment of the BTC is bullish.
Bitcoin consolidation has been continuing despite the bullish sentiment and positive outlook of the ETF. If BTC price has to touch $150k in the near future then a strong surge of active addresses and inflow is required in the ecosystem.