Bitcoin (BTC) Price Analysis

Bitcoin (BTC)

#Bitcoin(BTC) has given bullish signals by staying above the 50-day and 200-day EMAs. A break above the resistance level of $60,365 could allow the bulls to reach the $64,000 resistance level. Also, a break from the $64,000 resistance level could signal a move towards the $67,500 resistance area.

In addition, a drop below the 50-day and 200-day EMAs could signal a drop towards $57,500. A drop towards $57,500 could bring the $52,884 support level into play.

With a 14-day RSI of 54.62, $BTC could break above the $64,000 resistance level before entering the overbought zone.

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