微信截图_20230724101623.png

Bitcoin (BTC) increased by 0.97% on Sunday. BTC lost 0.36% on Saturday but recovered to lose 0.63% for the week to conclude at $30,190. Although there was a positive session, BTC missed $30,500 for the third day in a row.

Bitcoin Price Action (BTC)

BTC was down 0.51% to $30,036 this morning. BTC had a conflicted start to the day, rising to a high of $30,211 before dropping to a low of $30,014.

Daily chart

On the daily chart, BTC was seen to be below the resistance zone between $30,750 and $31,250. BTC, however, continued to trade above the 50-day ($29,491) and 200-day ($26,862) EMAs, indicating that the short- and long-term trends are optimistic. Notably, the 50-day exponential moving average (EMA) kept moving away from the 200-day EMA and confirmed the short-term positive trend.

The 14-Daily RSI's value of 50.26 indicated a mildly positive outlook. The RSI predicts a move through $30,500 in line with the EMAs to allow the bulls to attack the resistance band between $30,750 and $31,250. But a drop below the 50-day EMA ($29,491) would put sub-$29,000 within reach.

Trade

Market

Market Analysis

Trading Tutorial

Bonus rebate to help investors grow in the trading world!