Bitcoin Trying to Recover, But Bears Still in Control:
Bitcoin (BTCUSD) went up a little in recent trading as it tries to recover from earlier losses. But the overall trend is still negative because the price is below the EMA50-moving average (EMA50).
Also, the RSI indicator is showing weak signals, which means Bitcoin might not go up much in the short term. If the price doesn’t move above the EMA50 soon, we could see more downward movement.