- Today's Chart: Bitcoin Maintains Stability Above Support Level:

Bitcoin is currently trading at $68,574 with a neutral bias, with a slight downward tendency, as the price remains below the descending resistance line, which is now limiting the upward movement near $73,900. The price is also below the 50-day exponential moving average, while remaining well above the 100- and 200-day EMAs, indicating a medium-term bullish trend under short-term pressure.

Meanwhile, the (MACD) on the daily chart is below the signal line, with a slight negative divergence, indicating a slowdown in bullish momentum and reinforcing the consolidation trend. The (RSI), close to 48 on the same chart, remains near the midpoint, suggesting a balance of forces after the recent pullback.

Daily chart of the BTC/USDT pair

The current resistance level for Bitcoin is around the 50-day exponential moving average, approximately $71,000, followed by the recent high near $72,800, then the breakdown zone of the descending trendline at $73,900. A daily close above these levels would open the way toward the March high of $76,000. On the downside, initial support is observed around $68,000, before the late March lows near $65,000. Breaking below $65,000 could lead to further decline toward the annual low of $60,000.
$BTC