BTC's position above both the 50-day and 200-day EMAs suggests bullish momentum in its price movement.
If BTC manages to break through the $64,000 resistance level, it could pave the way for a potential ascent towards the $69,000 resistance. A subsequent breach above $69,000 might set the stage for retesting the all-time high at $73,808.
Attention should be given to BTC-spot ETF flow data and the decisions of the US Federal Reserve this Wednesday.
However, a decline below the $60,365 support level might embolden bearish sentiment, potentially leading to a test of the 50-day EMA.
The 14-Daily RSI stands at 48.39, suggesting a possible retracement towards the 50-day EMA before entering oversold territory.
