#Bitcoin Technical Analysis
The Daily Chart :-
On the daily chart, the price has been rejected from the $25K support level and is trending higher. Yet, the 50-day and 200-day moving averages around the $28K mark are two significant resistance levels that the market should break through for a retest and potential breakout from the $30K zone.
The RSI indicator has also increased above the 50% threshold, indicating that momentum is once again in favor of the buyers.
$BTC
