- 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
BTC0.34%
View Original
post-image
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.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Before00zerovip
· 12-12 14:36
Bitcoin price stabilizes above $92,000 as the dust settles from the Federal Reserve decision amid ongoing macroeconomic uncertainty.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)