Bitcoin Hits Range Highs After Perfectly Tracking CrypNuevo Analysis
Bitcoin has recently hit its range highs after perfectly tracking a previous analysis from CrypNuevo. According to the analysis, the price of BTC has filled in the long wick at $81k and is now sitting above the four-hour EMA50 support at $78,414.51 and the EMA200 at $72,748.77.
The Moving Average Convergence Divergence (MACD) indicator is currently at 642.52, confirming a golden cross, which is a bullish signal. However, the relative strength index (RSI) is sitting at a neutral level of 54.29, indicating that there may be room for further price appreciation before reaching upper Bollinger resistance.
The current price of BTC is $79,747.46, and it will be interesting to see how the price behaves in relation to these technical levels. As long as the price respects the bullish structure, the price prediction flows remain constructive.