Bitcoin Prices Firm Up After Monday's Market Drop

Bitcoin is holding steady after a market dip on Monday, according to recent data. The price of BTC has remained at $62,943.25.

Michaël van de Poppe, an analyst, expects a reversal higher in the coming days.

The 4h chart shows Bitcoin within the Bollinger Bands between $62,356.85 and $63,740.33. The EMA50 at $63,670.74 and EMA200 at $63,708.15 act as overhead resistance in this bearish structure.

RSI is at 44.85, remaining neutral, while the MACD golden cross at -274.16 supports the anticipated bounce.