"🚨 Bitcoin is in a consolidation phase, ready to rebound or fall deeper? Which one do you choose? 🤔"

📉 $BTC Update Alert! 📈

The price of#Bitcoinis again causing a dilemma! BTC/USDT is now around $68,794, slightly down from the 24-hour high of $69,264. Several technical indicators such as EMA and MACD show signs of consolidation, but there is no definite direction yet. So, is this a phase to get ready to fly 🚀 or even plunge? 🐻

EMA(7) is at $69,036.17, indicating BTC is slightly below the short-term trend, which may indicate short-term selling pressure.

EMA(25) at $67,786.32 is close to the current price, indicating support at that level.

The MACD shows the DIF line at 1,229.46 and the DEA at 1,537.13, with the MACD histogram at -307.67. This negative histogram indicates that BTC is in a short-term bearish trend, which could continue if selling pressure does not ease.

With the EMA indicator approaching the current price and the MACD still negative, BTC is likely in a consolidation phase around this area. If the price is able to stay above the EMA(25) and there is bullish confirmation from the MACD, there is potential for a bullish move towards the next resistance. However, if selling pressure increases, BTC may test the support level below $67,000.

Now the question for you: will it continue to rise or fall? Comment below! ⬇️ 📊 #CryptoUpdate #BTC #BitcoinAnalysis #CryptoTrading #CryptoNews