Technical indicators
EMA (20): 56,728.57
EMA (50): 44,861.87
EMA (100): 37,977.02
EMA (200): 37,823.85
MACD: 525.14
RSI (6): 64.49
RSI (24): 71.98
StochRSI: 36.19
MASTOCHRSI: 58.85
Analysis
Bitcoin is currently in a bullish channel. This means that the price tends to increase within a certain price range. The current price is at the upper part of the channel, suggesting that the uptrend is still ongoing.
However, there are some signs of weakness. The MACD is in bearish divergence, meaning the uptrend momentum is weakening. The RSI is also in the overbought zone, suggesting that the price is overvalued and may correct soon.
Forecasts
Given these indicators, I believe bitcoin is likely to stabilize in the coming days. The price could decline to the support at 62,957.31 USDT, but it is also possible that it bounces off the resistance at 68,267.62 USDT.
