$BTC Bitcoin Practicing Reaction, But Selling Pressure Persists
Bitcoin (BTCUSD) is trying to recover after recent drops, with a slight increase in the last sessions. However, the technical scenario still indicates weakness, as the price remains below the 50-period exponential moving average (EMA50), indicating a downward trend. The relative strength index (RSI) also remains at weak levels, suggesting a loss of momentum and limiting short-term upside potential. If BTC cannot firmly break the EMA50 resistance, the risk of further declines increases. The dominance of bears in the market is still evident, maintaining a cautious sentiment among investors.
Bitcoin (BTCUSD) is trying to recover after recent drops, with a slight increase in the last sessions. However, the technical scenario still indicates weakness, as the price remains below the 50-period exponential moving average (EMA50), indicating a downward trend. The relative strength index (RSI) also remains at weak levels, suggesting a loss of momentum and limiting short-term upside potential. If BTC cannot firmly break the EMA50 resistance, the risk of further declines increases. The dominance of bears in the market is still evident, maintaining a cautious sentiment among investors.
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BTC
95,199.99
+0.25%