- Today's Chart: Bitcoin Continues Its Rebound Amid Increasing Momentum:


Bitcoin's price still leans toward short-term gains, remaining above the 50- and 100-day exponential moving averages at approximately $73,815 and $75,751 respectively. This indicates the overall bullish trend persists despite recent momentum slowdown.

The Relative Strength Index (RSI) at 58 on the daily chart suggests a positive outlook, but it is not in overbought territory, while the Moving Average Convergence Divergence (MACD) line has fallen below the signal line, causing the chart to turn negative. This points to a corrective phase within the prevailing bullish structure, not a full trend reversal.

Looking upward, the 200-day exponential moving average near $82,658 represents the next significant resistance close to the upward trend line that bulls will need to reclaim to continue advancing toward new all-time highs.

BTC/USDT Chart Analysis (Binance)
Daily BTC/USDT Price Chart.

On the other hand, initial support is observed around the 100-day exponential moving average at $75,751, followed by the 50-day EMA at $73,815, and the previous upward trend support zone around $68,737 may serve as a deeper structural bottom if profit-taking accelerates.
$BTC
BTC2.35%
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