- Today's Chart: Bitcoin Maintains a Key Support Level:


Bitcoin is currently trading at $70,805, holding slightly above the 50-day exponential moving average (EMA) at $70,737, providing initial support for the trend, but limiting the price below the higher 100- and 200-day exponential moving averages. The Moving Average Convergence Divergence (MACD) remains positive, with the line staying above zero on the daily chart, indicating ongoing positive momentum. Meanwhile, the Relative Strength Index (RSI) is around 53 in a neutral zone on the same chart, suggesting only a slight bullish bias as long as the price stays above the 50-day exponential moving average.

Daily chart of the BTC/USDT pair

On the bullish side, immediate resistance appears around $73,448, where the previous downtrend line was broken, followed by the 100-day exponential moving average at $75,233, then the 200-day exponential moving average at $83,414, collectively forming a broader upward range. On the downside, the 50-day exponential moving average at $70,737 represents the main support level. A daily close below this level would weaken the current positive outlook and expose Bitcoin to greater corrective pressures.
$BTC
BTC3,01%
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Before00zero
· 6h ago
Bitcoin price remains below $71,000, as weak sentiment and the failure of negotiations between the United States and Iran negatively impact the market.
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