The price of Bitcoin broke and closed below the lower limit of consolidation at $65,729 on Monday and fell slightly, reaching a daily low of $62,510 the next day. However, the price of BTC recovered sharply on Wednesday, regaining Monday's losses and closed above $67,900. After such a massive move, BTC fell slightly the next day and, on Friday, stabilizes around $67,400.
If BTC continues its recovery, it could extend the rise towards the upper limit of the consolidation range at $71,746.
The Relative Strength Index (RSI) indicates 41, recovering from oversold territory earlier this week, indicating a fading negative momentum. For the recovery rally to be sustained, the RSI must move above the neutral level of 50. The Moving Average Convergence Divergence (MACD) showed a positive crossover that remains intact, suggesting a positive outlook.

However, if BTC fails to close above the lower range of the consolidation at $65,729, it could extend the decline towards Tuesday's low at $62,510. A close below this level could extend additional losses towards the key support level at $60,000.
#BlockAILayoffs $MSFTon #BTC #
If BTC continues its recovery, it could extend the rise towards the upper limit of the consolidation range at $71,746.
The Relative Strength Index (RSI) indicates 41, recovering from oversold territory earlier this week, indicating a fading negative momentum. For the recovery rally to be sustained, the RSI must move above the neutral level of 50. The Moving Average Convergence Divergence (MACD) showed a positive crossover that remains intact, suggesting a positive outlook.

However, if BTC fails to close above the lower range of the consolidation at $65,729, it could extend the decline towards Tuesday's low at $62,510. A close below this level could extend additional losses towards the key support level at $60,000.
#BlockAILayoffs $MSFTon #BTC #