Crypto
Bitcoin Price Hits Slight Bump as Golden Cross Draws Closer
Bitcoin's recent rally has slowed down, with its price currently sitting at $77,157.27.
Despite this slowdown, a daily golden cross formation is drawing closer, which could be a significant indicator for traders.
The price of Bitcoin is below the EMA50 at $78,689.43 but above the EMA200 at $74,103.41 on the 4-hour chart, confirming a bearish trend structure.
According to technical indicators, the Relative Strength Index (RSI) is reading neutral at 31.77, while the Moving Average Convergence Divergence (MACD) is in death cross territory with a print of -451.74.