$BTC Bitcoin strengthened above US$83,000 as buyers sought to regain control after Monday’s correction to US$81,700.
🥁The king of crypto maintains a bullish short-term bias, with the price holding comfortably above the 50-day Exponential Moving Average (EMA) at US$80,276 and the SuperTrend line at US$79,664, both of which reinforce a supportive underlying structure.
The Relative Strength Index (RSI), at around 54, is tilted slightly positive without reaching overbought territory; however, the Moving Average Convergence Divergence (MACD) remains below zero, indicating that bullish momentum is constructive but not yet impulsive.
Nearby support lies in the current pivot zone near US$84,000, with the 50-day EMA at US$80,276 forming the next major floor, followed by a broader demand cluster around the SuperTrend level at US$79,664.
⛔A deeper decline would expose the 100-day EMA at US$76,520 and then the 200-day EMA at US$75,631, where buyers are likely to defend the prevailing uptrend as long as daily closes remain above those long-term averages.#CPIWatch #RBNZPausesDigitalCashDevelopment $AMZNB $PEPE
🥁The king of crypto maintains a bullish short-term bias, with the price holding comfortably above the 50-day Exponential Moving Average (EMA) at US$80,276 and the SuperTrend line at US$79,664, both of which reinforce a supportive underlying structure.
The Relative Strength Index (RSI), at around 54, is tilted slightly positive without reaching overbought territory; however, the Moving Average Convergence Divergence (MACD) remains below zero, indicating that bullish momentum is constructive but not yet impulsive.
Nearby support lies in the current pivot zone near US$84,000, with the 50-day EMA at US$80,276 forming the next major floor, followed by a broader demand cluster around the SuperTrend level at US$79,664.
⛔A deeper decline would expose the 100-day EMA at US$76,520 and then the 200-day EMA at US$75,631, where buyers are likely to defend the prevailing uptrend as long as daily closes remain above those long-term averages.#CPIWatch #RBNZPausesDigitalCashDevelopment $AMZNB $PEPE