Bitcoin (BTC) and Ethereum (ETH) Price Analysis 📈

Bitcoin (BTC)

$BTC is trading below the 50-day EMA and holding above the 200-day EMA, sending short-term bearish but long-term bullish signals.

A break above the 50-day EMA would support a move towards the $64,000 resistance level. Furthermore, a break above the $64,000 resistance level could allow the bulls to reach the September 27 high of $66,520.

In addition, a drop from the $60,365 support level could bring the 200-day EMA into play. A break below the 200-day EMA would confirm a reversal in the uptrend and support a decline in#BTCtowards $55,000.

With a 14-day RSI of 47.47, BTC could drop to $55,000 before entering oversold territory.