@Huma Finance 🟣 #Humafinace

Bitcoin has maintained a price range of $116,000 to $120,000 over the past 13 days, after reaching an all-time high of $123,218 on July 14. At the time of writing this report on Monday, the price is trading slightly lower, around $118,700.

If Bitcoin falls below $116,000 on a daily basis, the decline may extend to retest the 50-day exponential moving average at $112,321.

The Relative Strength Index (RSI) reading on the daily chart indicates 61, which is above its neutral level of 50 but pointing downwards, indicating a fading bullish momentum. Furthermore, the MACD indicator showed a bearish crossover on Wednesday, giving sell signals and indicating a potential downward trend.