Daily Bitcoin & Market Update
- Price: $60,700
- Support Levels: 200-day BPRO at $64,000, 200-day SMA at $62,000
- RSI: 48 (Moderate buying interest)
- Momentum & Volatility: 50-day momentum at 46, ATR at 3200, 50-day volatility at 2380
- Sentiment: Bearish on 12H and 4H charts. CTF Trailer resistance at $61,100; HTF Trailer support at $54,472
- Trading Range: High Band $61.9k-$63.7k, Low Band $53.3k-$57.1k
- Fear & Greed Index: 40 (Fear)
- Mining Costs: $82,443; Mining cost-to-price ratio 1.34
- NUPL: 0.485 (Potential selling pressure)
- MVRV Z-Score: 1.68 (Moderately overvalued)
- Seasonality (Aug 1-Sep 1): -30.03% annualized return, 35.71% profitable trades
Mixed signals suggest potential stabilization, but caution due to bearish sentiment and market fear.
Best of Luck...!!
