$BTC Bitcoin is holding on to higher support🔥
Bitcoin is trading at $84,818, extending a constructive bullish bias despite a correction from the weekly high of $87,378. Price holds well above both the short-term and long-term Exponential Moving Average (EMA), all of which are comfortably below the spot price and hint at a well-supported uptrend structure.
📈 Momentum remains positive, with the Relative Strength Index (RSI) in the mid-60s range and the Moving Average Convergence Divergence (MACD) staying above the zero line, indicating buyers are still controlling price action despite a recent spike.
BTC/USDT daily chart
On the downside, initial support is the 50-day EMA around $76,455, where buyers could appear at lower levels during a deeper pullback.
⛔ A breakdown below this level will open the next demand zone defined by the 200-day EMA near $73,997 and the 100-day EMA slightly lower around $73,300, which together form a broader mid-term support area that must be breached to truly weaken the prevailing bullish outlook.
#QNTRises39% #BitcoinSpotETFsTurnNetPositiveYTD $DOT $GEAR
Bitcoin is trading at $84,818, extending a constructive bullish bias despite a correction from the weekly high of $87,378. Price holds well above both the short-term and long-term Exponential Moving Average (EMA), all of which are comfortably below the spot price and hint at a well-supported uptrend structure.
📈 Momentum remains positive, with the Relative Strength Index (RSI) in the mid-60s range and the Moving Average Convergence Divergence (MACD) staying above the zero line, indicating buyers are still controlling price action despite a recent spike.
BTC/USDT daily chart
On the downside, initial support is the 50-day EMA around $76,455, where buyers could appear at lower levels during a deeper pullback.
⛔ A breakdown below this level will open the next demand zone defined by the 200-day EMA near $73,997 and the 100-day EMA slightly lower around $73,300, which together form a broader mid-term support area that must be breached to truly weaken the prevailing bullish outlook.
#QNTRises39% #BitcoinSpotETFsTurnNetPositiveYTD $DOT $GEAR
