- Bitcoin (BTC) carries above 82 thousand dollars, but it faces resistance near 85 thousand dollars.
- The maximum market is $ 1.63, with a decrease in trading volume by 48.64 %.
Bitcoin (BTC) is trading at $ 82,667, a decrease of 2.11 % over the past 24 hours. The market ceiling fell to $ 1.63 trillion, which reflects 2.06 % Decrease. Trading volume decreased by 48.64 % to $ 13.6 billion, raising the maximum rate of market to 0.8292 %.
Brazil is making digital financing with a proposal to allow employees to receive salaries in Bitcoin. Meanwhile, Goldman Sachs and Black Rock intensified BTC. These investments highlight the increasing presence of bitcoin in traditional financing, encouraging institutional investors to reconsider encryption allocations despite the total economic uncertainty.
Will BTC return its momentum?
Bitcoin faces immediate resistance at $ 83,151. If the bulls exceed this level, BTC may collect about $ 85,000, with a possible test of $ 86,500 if the momentum strengthens. On the negative side, the closest support is $ 82,400. A lower break from this Bitcoin level can send about $ 80,000, with a depth possible correction near 78,500 dollars.
RSI for 14 days is 53.90, indicating neutral momentum. The average RSI moving is 45.34, and it is just less than the current relative strength index, indicating a moderate upward trend. If it is RSI Cross Above 60, the bullish momentum can enhance, and pus the BTC towards higher resistance levels. However, if it decreases less than 45, the pressure pressure may increase.
The flow of Chaikin (CMF) is 0.01, indicating weak capital flows. If CMF rises above 0.05, this will confirm a stronger request than investors. Less than -05 declining can indicate increasing external flows, and increasing downward pressure.
The moving average for 50 days (MA) remains less than a Master of 200 days, and is a declining intersection. This indicates that Bitcoin can struggle to maintain upward momentum unless the main resistance levels are broken. If Bitcoin exceeds 82,400 dollars, it may try about $ 85,000 to $ 90,000 in the coming weeks.
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