Daily Chart Activity Of Bitcoin Price
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Over the daily chart, the Bitcoin crypto has been teased for the bullish rally from the $53489 support level.
When writing, the BTC had already neared the 20-day EMA band. The volume has surged by 40%, amounting to a $33.78 Billion inflow in 24 hours.
A further surge in volume could lead its price to pierce the 20-day EMA band and the nearby 50-day EMA band. However, the long-term bullishness in price could be more confident when it sustains above the 200-day EMA band.
At press time, the MACD is about to converge, as the histogram indicates reduced bearish pressure. After piercing the median line along the way, RSI has already pierced the 14-SMA and aimed for overbought territory.
The resistance to monitor will be at $60,278 and 66,150, followed by the supports at $53,489 and $51,476.
Over the daily chart, the Bitcoin crypto has been teased for the bullish rally from the $53489 support level.
When writing, the BTC had already neared the 20-day EMA band. The volume has surged by 40%, amounting to a $33.78 Billion inflow in 24 hours.
A further surge in volume could lead its price to pierce the 20-day EMA band and the nearby 50-day EMA band. However, the long-term bullishness in price could be more confident when it sustains above the 200-day EMA band.
At press time, the MACD is about to converge, as the histogram indicates reduced bearish pressure. After piercing the median line along the way, RSI has already pierced the 14-SMA and aimed for overbought territory.
The resistance to monitor will be at $60,278 and 66,150, followed by the supports at $53,489 and $51,476.
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