Crypto
Bitcoin Price Trapped Between Key Resistance Levels Amid Broader Crypto Market Crash Fears
Bitcoin's price action remains stuck between key resistance levels, according to CryptoKing4Ever. Bulls need to reclaim the $65.3K-$66.9K zone for any liquidity sweep followed by a correction. Currently, Bitcoin's price of $64,979.4 sits within its Bollinger Bands with upper resistance at $65,328.32 and lower support at $64,270.85. The EMA50 at $64,424.83 and EMA200 at $63,730.17 form the bullish structure.
The Relative Strength Index (RSI) is neutral at 58.68, while the MACD flashes a death cross with a value of 213.16. This suggests that price testing upper Bollinger resistance may lead to a healthy retracement towards the 50-EMA support before continuation.