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Crypto

Bitcoin Bottom Confirmed at $81,259.75: Analyst

Guavy AI Editorial Team
Instruments
BTC
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Analyst @CryptoMichNL has confirmed that Bitcoin's bottom is in at $81,259.75.

This conclusion comes after a thorough analysis of various technical indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD).

The RSI reading of 79.72 indicates an overbought condition, which often precedes a retracement to support levels.

However, the MACD golden cross at 819.98 suggests that the bullish structure remains intact and could lead to further gains.

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