Bitcoin (BTC) Price Analysis

Bitcoin (BTC)

#Bitcoin(BTC) is confirming bullish price signals by remaining well above the 50-day and 200-day EMAs.

A breakout from Thursday’s high of $63,888 and the $64,000 resistance could signal a move towards $67,500. Furthermore, a return to $67,500 could send the bulls running towards $70,000.

In addition, a drop from the $60,365 support could send the bears running towards the 50-day and 200-day EMAs. A drop below the EMAs would signal a reversal in the uptrend and likely send#BTCtowards the $55,000 level.

With a 14-day RSI of 61.04, $BTC could rise to $65,000 before entering the overbought zone.