Currently, Bitcoin technical indicators are showing a variety of signals that can point to short-term and long-term trends.
Moving Averages: A 50-day moving average (SMA) above a 200-day SMA can indicate a bullish trend, but there is currently a fluctuation between these levels, creating uncertainty.
RSI Indicator: If the Relative Strength Index (RSI) is in the oversold zone (below 30), it can indicate a possible turn up. At the same time, if the RSI is approaching 70, it signals overbought.
MACD: The intersection of the MACD lines can indicate a change in trend. If the fast line crosses the slow line from below to above, it is a signal to buy, and vice versa.
Trading Volume: An increase in volume at the moment of reaching new price levels can confirm the strength of the move in one direction or another.
In general, technical indicators provide different signals, and it is important to analyze them together, taking into account the overall market sentiment and news. #BTC #freePavel $BTC