- Today's Chart: Slight increase in Bitcoin price, supported by a key support level.


Bitcoin is currently trading at around $76,137 USD, maintaining a positive short-term upward trend, as it stays above the 50-day and 100-day exponential moving averages, which are approximately $73,661 and $75,646 respectively. This indicates latent buying demand at lower prices, despite a slowdown in the overall bullish momentum.
Momentum is mixed, with the Relative Strength Index (RSI) approaching 55 on the daily chart, while the Money Flow Index (MFI) is around 54, indicating moderate buying interest. The Moving Average Convergence Divergence (MACD) remains in the negative zone on the same chart, suggesting that bullish momentum is improving but has not yet been confirmed.
Daily chart of the BTC/USDT pair
On the bullish side, the weekly high at $79,486 USD and the 200-day exponential moving average at around $82,299 USD are important resistance levels that buyers need to surpass to regain stronger bullish momentum toward new annual highs. On the downside, initial support is observed at the 100-day exponential moving average near $75,646 USD, with stronger support at the 50-day exponential moving average around $73,661 USD. A daily close below this latter range would expose the broader bullish trend to a clearer correction.
$BTC #N
BTC0.46%
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