Bitcoin Price Analysis April 9, 2023
BTCUSDTI'm neutral for now since Bitcoin's price has been trading within a narrow range for some time, forming a third consecutive Doji candlestick pattern on the weekly chart, indicating indecision between the bulls and the bears.
The 20-day exponential moving average is flattening out, and the RSI is slipping towards the center, signaling a balance between supply and demand. The BTC/USDT pair may drop to
25,250 if the price falls below the 20-day EMA, while a rally above 
29,200 could enhance the chances of an upswing to 
30,000 and then 
32,500.Let me know what you think!
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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.