B4Bit

08/13 05:50

BTC price holds steady after sharp recovery

BTC price holds steady after sharp recovery

At press time, BTC traded at $118,724, holding gains from its recent rebound.

The price stayed above both the 9-day and 21-day SMAs, showing steady short-term support. The RSI hovered near 58, so momentum was still in neutral territory.

 MACD lines were coming closer; a possible bullish crossover if buying continued. 

This followed a sharp spike earlier in the week that briefly pushed BTC above $120K before sellers stepped in.

While there is reduced volatility, the market still appeared sensitive to profit-taking pressure. Sustained buying from whales could help BTC build on this base and challenge recent highs again.

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