#BTC Is continuously chasing the Descending trend line.
$BTC Tried to break above the descending trend line, yesterday and faced minor rejection and resulted in the price fall to $86,600 today.
Bitcoin Bulls are still trying hard to break this trend, if this trend will break the Bitcoin will pump to $94,500.
however a decline could result in fall of price to $84k.
Relative Strength Index RSI is at 43 below the level of neutral, to keep bullish momentum RSI has to rise and maintain above 50. While Moving Average Convergence Divergence MACD made a bullish crossover last week and now forming green histogram indicating the bulls hold.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#BTC Is continuously chasing the Descending trend line.
$BTC Tried to break above the descending trend line, yesterday and faced minor rejection and resulted in the price fall to $86,600 today.
Bitcoin Bulls are still trying hard to break this trend, if this trend will break the Bitcoin will pump to $94,500.
however a decline could result in fall of price to $84k.
Relative Strength Index RSI is at 43 below the level of neutral, to keep bullish momentum RSI has to rise and maintain above 50. While Moving Average Convergence Divergence MACD made a bullish crossover last week and now forming green histogram indicating the bulls hold.