- Price Analysis: Bullish traders are aiming to regain control


Bitcoin is currently trading at $77,274, below the 200-day exponential moving average (EMA) at $81,644, keeping the overall trend neutral to bearish despite the price holding above an upward support level. The 100-day EMA at $76,878 and the 50-day EMA at $76,761 are converging just below the trading price, indicating nearby dynamic support.

The negative MACD (Moving Average Convergence Divergence) on the daily chart and the RSI (Relative Strength Index) below 50 suggest momentum remains fragile, which is partially offset by the MFI (Money Flow Index) indicating some exhaustion from the decline.

Daily chart of the BTC/USDT pair
On the bullish side, the 200-day EMA at $81,644 represents a key resistance level that buyers need to surpass to restore a sustainable uptrend. On the bearish side, initial support is observed in the $76,900–$76,800 zone, where the 100- and 50-day EMAs converge, with a previously identified upward trend line near $69,896 serving as a deeper structural bottom in case selling pressure intensifies.
$BTC
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