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Bitcoin Technical Analysis and Price forecast.
Bitcoin is still holding strong after the US employment data announcement. At the time of writing this Bitcoin is trading above $80,000. The bullish momentum is still looking interest traders are targeting the price $84,000. A day close above $81,000 will help bitcoin to extend the pump towards $84,000.
However a rejection can result in the fall of price towards $78,500.
The Relative Strength index RSI is at 62 higher the level of neutral aiming slightly upward indicating that the market may go sideways.
While Moving Average Convergence Divergence MACD Blue Line is near to strike with the orange line a pullback from it will indicating that the price may go up andif orange line will flip blue line it will consider as trend shift and the price may go dowm.
NFA DYOR