Crypto
Bitcoin Price Hangs in Balance Below Key Resistance Levels
Bitcoin's price has been hovering at $77263.24, below the EMA50 resistance of $78752.83, raising questions about whether it has reached a bottom.
The MACD is at -388.34, confirming a death cross, while the RSI remains neutral at 32.57.
A key level to watch is the lower Bollinger support of $77517.47, which would confirm the bottom if breached.
If bulls fail to reclaim the upper band at $79709.08, the price may plummet towards the EMA200 at $74096.94, echoing previous bear phases where failure at volatility bands triggered deeper market crashes.