BTC Technical analysis:
Bitcoin's 2-hour chart shows a period of consolidation after a notable dip and subsequent recovery. The price is currently holding above $60,000, indicating some stability, but the RSI is hovering around 50, suggesting a lack of strong momentum in either direction. The MACD shows a bearish crossover with the histogram in the red, which could signal potential downward pressure if bulls don't step in soon. However, the overall picture suggests we're in a wait-and-see phase, with price action potentially coiling for a bigger move. Keep an eye on key support levels around $58,000 and resistance near $62,000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.