In the past 24 hours, Bitcoin has experienced a 2.56% decline and hit an intraday low of 228,010.00. The top cryptocurrency has struggled to recover quickly, and its Relative Strength Index (RSI) is now below the midpoint, indicating a potential loss of its upward momentum. To avoid a shift in market sentiment, the bulls must push the price above the 20-day EMA (228,907). However, if the price falls below 228,000, the pair could potentially drop to 226,500.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
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.