$BTC Bitcoin Price Analysis
Bitcoin has been facing resistance at 650 for the past two days, but a positive sign is that the bulls have not conceded much to the bears.
The 20-day exponential moving average ($61,202) is sloping up and the relative strength index (RSI) is in the positive territory, suggesting that the path of least resistance is to the upside.
If the buyers push the price above 650, the BTC/USDT pair is likely to accelerate gains towards 700. The bears are expected to strongly defend the 700 to 737 zone.
If the bears want to halt the gains, they will have to quickly pull the price back below the moving averages. If they do so, the pair is likely to fall to the support line.
