Bitcoin needs price confirmation around $64,000 No
Bitcoin needs price confirmation around $64,000
Now, even though the greater story might be constructive, the price chart hasn’t given a clean all-clear… yet. At the time of writing, Bitcoin was trying to stabilise near the $63,000-zone after a fall. All while the RSI started recovering from oversold levels.
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Source: TradingView
The pace seemed weak though. The DMI showed that sellers have not fully lost control, even though the pressure did ease. For Bitcoin to build a stronger case, it needs to reclaim nearby resistance and hold it.
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