- The worth of BTC has hardly moved during the last 24 hours.
- BTC’s worth has retraced barely after reaching a each day excessive of $16,961.79.
- Technical indicators counsel that BTC’s worth will fall within the subsequent 24 hours.
The worth of the crypto market chief, Bitcoin (BTC), has risen by a small margin during the last 24 hours, in response to CoinMarketCap. At press time, BTC is altering fingers at $16,954.31, This can be a 0.01% enhance in BTC’s worth during the last 24 hours. BTC has additionally strengthened towards Ethereum (ETH) by 0.25% throughout the identical time interval.
After setting a each day excessive at $16,961.79, BTC’s worth has retraced barely during the last 24 hours. Regardless of the retracement, BTC worth continues to be buying and selling close to its 24-hour excessive. The crypto’s each day low sits at $16,914.19.
At the moment, BTC is buying and selling above the 9-day and 20-day EMA traces. A bullish flag is on the verge of triggering, because the 9-day EMA is trying to cross above the 20-day EMA. This cross of the two EMA traces will solely happen after BTC’s worth breaks above the present resistance stage at $16,977.81.
The each day RSI indicator is barely bullish with the RSI line positioned above the RSI SMA line. The slope of the each day RSI line is, nonetheless, sloped neutrally.
At the moment, BTC is buying and selling above the 9-day and 20-day EMA traces. A bullish flag is on the verge of triggering, because the 9-day EMA is trying to cross above the 20-day EMA. This cross of the two EMA traces will solely happen after BTC’s worth breaks above the present resistance stage at $16,977.81.
The each day RSI indicator is barely bullish with the RSI line positioned above the RSI SMA line. The slope of the each day RSI line is, nonetheless, sloped neutrally.
The three-hour chart for BTC means that the worth of BTC will now be capable of overcome the present resistance stage. At press time, the worth of BTC is resting on the 20 EMA line on its 3-hour chart. BTC’s worth is presently being squeezed by the 20 EMA line on its 3-hour chart and the aforementioned resistance stage at $16,977.81.
The RSI indicator on the 3-hour chart can be about to flag bearish because the RSI SMA line is about to cross above the RSI line.
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