$BTC Bitcoin is being traded around $83,000 on Monday, facing a mild pullback after a rally of more than 4% last week.
Even though it has corrected, BTC still maintains a short-term bullish bias because it remains well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are converging between approximately $73,900 and $77,300.
📈The Relative Strength Index (RSI) around 58 indicates constructive momentum but not yet in overbought territory. At the same time, the Moving Average Convergence Divergence (MACD) has cooled into slightly positive territory, hinting that upside pressure is easing rather than turning decisively.
🔥On the upside, the initial resistance sits at a horizontal barrier near $85,000, where a breakout would reopen the path toward fresh all-time highs.
⛔On the downside, the nearest support is currently around the 50-day EMA at $77,292, while the 100-day and 200-day EMAs at $73,915 and $74,245, respectively, strengthen a broader demand zone.
🕹A deeper pullback could find buyers around the previously established horizontal support at $66,500 and $62,300, marking the lower structural base of the larger uptrend.
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Even though it has corrected, BTC still maintains a short-term bullish bias because it remains well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are converging between approximately $73,900 and $77,300.
📈The Relative Strength Index (RSI) around 58 indicates constructive momentum but not yet in overbought territory. At the same time, the Moving Average Convergence Divergence (MACD) has cooled into slightly positive territory, hinting that upside pressure is easing rather than turning decisively.
🔥On the upside, the initial resistance sits at a horizontal barrier near $85,000, where a breakout would reopen the path toward fresh all-time highs.
⛔On the downside, the nearest support is currently around the 50-day EMA at $77,292, while the 100-day and 200-day EMAs at $73,915 and $74,245, respectively, strengthen a broader demand zone.
🕹A deeper pullback could find buyers around the previously established horizontal support at $66,500 and $62,300, marking the lower structural base of the larger uptrend.
#UKFCAWinsCourtOrderToRecover851400Pounds GoldFallsTo$4144$AAVE $SEI
