- Daily Chart: Bitcoin's Recovery Slows as Buyers Hold Support Levels:
Bitcoin is trading above $92,000 as of writing on Friday, supported by positive momentum indicators. The Moving Average Convergence Divergence (MACD) indicates a slight uptick, reinforcing the short-term bullish outlook on the daily chart. As long as the green bars continue to expand above the moving average line, Bitcoin is likely to trend upward with increasing investor risk appetite.
A break above $94,150 could lead to an extended rebound toward the 50-day exponential moving average at $96,466. Buyers should turn this level into support to maintain the bullish outlook toward $100,000.
However, the (RSI) remains below the 50 level, indicating weakening bullish momentum. A decline in the RSI could extend bearish momentum and increase the likelihood of Bitcoin's price falling below $90,000. #GateNovTransparencyReportReleased
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Before00zero
· 12-12 14:36
Bitcoin price stabilizes above $92,000 as the dust settles from the Federal Reserve decision amid ongoing macroeconomic uncertainty.
- Daily Chart: Bitcoin's Recovery Slows as Buyers Hold Support Levels:
Bitcoin is trading above $92,000 as of writing on Friday, supported by positive momentum indicators. The Moving Average Convergence Divergence (MACD) indicates a slight uptick, reinforcing the short-term bullish outlook on the daily chart. As long as the green bars continue to expand above the moving average line, Bitcoin is likely to trend upward with increasing investor risk appetite.
A break above $94,150 could lead to an extended rebound toward the 50-day exponential moving average at $96,466. Buyers should turn this level into support to maintain the bullish outlook toward $100,000.
However, the (RSI) remains below the 50 level, indicating weakening bullish momentum. A decline in the RSI could extend bearish momentum and increase the likelihood of Bitcoin's price falling below $90,000.
#GateNovTransparencyReportReleased
Daily Chart of the BTC/USDT pair