BTC IS IN THE TR

10 juil. 2023

BTC technical analysis

Bitcoin is fluctuating very weakly in the 4-hour time frame at the bottom of its daily trading range. The king of cryptocurrencies is fluctuating between $30,000 and $30,500 for the third consecutive day, which shows the indecision of traders. The relative strength index RSI is located in the area of 50. If the bulls are not able to maintain the area of 30,000 thousand dollars, we envision a resistance range of $29,000 and then $26,600 for BTC.

Otherwise, moving up to the ceiling of the long-term trading range, price areas of $31,500 to $32,500 is possible in case of bullish signs for Bitcoin.

Major supports: $30,000 to $26,600
Major resistances: $31500 to $32000

NFA.