Bitcoin Price Holds Above Key Moving Averages Amid Fair Value Gap Watch
Bitcoin is holding above its key short- and medium-term moving averages as traders monitor an intraday Fair Value Gap (FVG) between $84,200 and $84,337 for signs of support or rejection.
The setup comes as on-chain data shows that profit-taking remains relatively contained despite the latest Bitcoin price recovery. The 10-period EMA and SMA were positioned around $82,949 and $82,946, respectively.
The Relative Strength Index (RSI) stood at 65, indicating positive momentum but remaining below the conventional 70 threshold associated with overbought conditions.
An FVG generally refers to a price imbalance created during a rapid directional move. In this setup, the zone is being watched as a potential area where the market may either find renewed selling pressure or reclaim the range and continue higher.