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Crypto

BTC Smashes Resistance, Traders Watch Structure Closely

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin has broken through resistance and traders should keep a close eye on its technical structure following yesterday's move, according to analyst @MI_Algos. On September 4, 2026, the price of BTC at $79,435.35 is maintaining a bullish trend above the EMA50 at $78,402.27 and the EMA200 at $72,745.66.

The MACD golden cross at 617.62 indicates sustained momentum, while the RSI(14) at 52.42 remains neutral.

Currently, the price is within the Bollinger Bands with an upper resistance level at $82,302.55. If this level is tested, it could trigger a healthy retracement towards the 50-EMA support before any potential continuation.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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