The Bitcoin price has maintained its support zone at $63,898.29, but remains capped below the 50-day exponential moving average (EMA) resistance at $64,601.96.
The MACD indicator is registering a bearish death cross with a value of -303.17, indicating potential downside pressure.
Traders are waiting for a decisive close above the EMA to neutralize this pressure and potentially trigger a relief rally in the broader crypto market.
More on Crypto
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