Bitcoin - caution, the continuation of the growth as long as the price is above 78,700. The price is trading above its 20 and 50 EMA, OI is decreasing, futures volume has increased compared to spot volume, local consolidation where sellers dominate. Market indicators MACD and RSI are more likely negative. Some fundamental indicators are currently close to a local overheating, and partial profit-taking is happening. But true euphoria is still far away. The main scenario is continued growth as long as the price stays above 78,700. An alternative scenario is a break below the 78,700 zone, which will send the price to 75,000.

BTC0.19%
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