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Investors should stay vigilant as shifting sentiment and supply-demand trends may affect BTC demand. Stay updated with our latest news and analysis to manage exposure to BTC and the broader crypto market.
Technical Analysis
Bitcoin Analysis
BTC remained below the 50-day and 200-day EMAs, confirming bearish price trends.
A breakout from the 200-day EMA would support a move toward the $60,365 resistance level and 50-day EMA. Furthermore, a break above the 50-day EMA could give the bulls a run at the $64,000 resistance level.
US economic data, sentiment toward the Fed rate path, and BTC-spot ETF market flow trends require consideration.
Conversely, a drop below $57,500 may give the bears a run at $55,000. A fall through $55,000 might bring the $52,884 support level into play.
With a 43.25 14-day RSI reading, BTC may fall below $55,000 before entering oversold territory.