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Bitcoin Technical Analysis and Key Levels
According to Technical Analysis, BTC has broken the lower limit of the consolidation range. However, it has also started a downward trend. Considering the recent price dynamics, the price is expected to drop by 10% to $86,300.
Currently, BTC is trading on the daily chart, trading above the 200-day Exponential Moving Average (EMA). However, this indicates that the pump trend is still strong. Nevertheless, the Relative Strength Index (RSI) exceeding the 70 level indicates limited upward potential. RSI is an important technical indicator used to determine whether an asset is in the Overbought or Oversold zone. #Hold USDE to share $100M USDE with 34% APY##ETH price rebound - What’s the next move? #Cat or Dog Memecoins, what is your choice?