Crypto
Bitcoin Slams into Historical Resistance at $76,706
Bitcoin's price has hit a historical wall, according to DecryptMedia. The cryptocurrency faces resistance from patterns that have repeatedly capped bullish momentum in the past.
The current price of $76,706.57 shows a bearish trend structure, with the EMA50 at $77,557.14 acting as immediate resistance and the EMA200 at $71,485.03 providing longer-term support.
The MACD death cross at -135.34 reinforces downside pressure, while the RSI(14) at 35.66 remains neutral.
With price testing lower Bollinger support near $77,082.88, a confluence of the 50-EMA resistance overhead and the death cross signals limited room for continuation until a decisive break above $79,235.53 occurs.