Bitcoin Price Prediction

Bitcoin (BTC/USD) is showing signs of consolidation in the recent trading session and is trading near the $68,520 pivot point.

Currently, Bitcoin is struggling to move towards the $71,535 resistance. If buying interest increases and this level is breached, an upward momentum is expected for Bitcoin towards higher resistance levels at $73,543 and $75,116.

Conversely, on the downside, Bitcoin will attempt to hold onto the $66,461 support point, with lower potential buying interest at $63,941 and $60,000.

The current price is located just below the 50-day EMA ($68,595), indicating that the market is generally balanced. The Relative Strength Index (RSI) is neutral at 56, indicating that there is room for movement in the market, with neither being overbought nor oversold.

Given this situation, as Bitcoin's price continues to remain above the pivot point, the overall trend of BTC/USD may trend from neutral to bullish.