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- Today’s Chart: Bitcoin Maintains Support Level
Bitcoin precisely holds the short-term support level at $76,000, with the Relative Strength Index (RSI) rising to 27 within the oversold region on the daily chart, indicating that while selling pressure is evident, sellers may have overextended.
It is likely that a daily close above the immediate support level of $76,000 will reinforce potential bullish expectations toward the $80,000 level. However, the Moving Average Convergence Divergence (MACD) indicates it is extending below the signal line on the same chart, suggesting increasing bearish momentum. Trading below $76,000 could accelerate the downward trend by 4%, reaching the lowest point on Tuesday at $72,946.
Daily chart of the BTC/USDT pair