đ According to CryptoNews: $BTC Price Prediction
With a bullish Bitcoin price prediction, Bitcoin (BTC/USD) is trading at $61,949, up 0.65%. On the 4-hour chart, the pivot point (green line) is at $61,547. Immediate resistance levels are at $63,164, $64,271, and $65,504. Immediate support levels are at $60,275, $59,218, and $58,237.
Technical indicators suggest a supportive environment for a bullish trend. The Relative Strength Index (RSI) is at 50, indicating balanced momentum. The 50-day Exponential Moving Average (EMA) stands at $61,626, providing further support to the current price.
An upward trendline is reinforcing Bitcoinâs price around the $61,630 level. On the upside, the next resistance is at $63,165, extended by a downward trendline. Overall, the 50 EMA and RSI both favor a buying trend.
