Bitcoin Price Prediction
Bitcoin Price Prediction
Bitcoin (BTC/USD)’s pivot point stands at $64,850, the cryptocurrency exhibits potential for further ascension if it can sustain this level.
Technical analysis points to immediate resistance at $66,910, with subsequent barriers at $69,232 and $71,425.
Should Bitcoin falter, it faces downward pressure towards support levels at $63,045, $61,387, and $59,686, which could stabilize declines or trigger a sharper sell-off.
Bitcoin Price Prediction
The Relative Strength Index (RSI) stands at 56, suggesting moderate buying activity, while the 50-Day Exponential Moving Average (EMA) at $64,682 provides near support, reinforcing the bullish scenario above the pivot point but cautioning of potential declines if this threshold is breached.
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