Today’s high sees prices near the long-term ceiling of $0.07500, which hasn’t been broken since March 31, where the move matured to being a false break.
Overall, the ceiling has held firm for most of the year thus far, however with the momentum of the moving averages now ascending, we could soon see an eventual move past this point. One potential obstacle will be that of the 14-day RSI, which is now tracking at an eighteen-day high of 66.82, which is marginally below resistance of 68.
What do you think about Bitcoin state at the moment, because its Fear and Greed index is 50 - NEUTRAL with price of 42740.536983408261 usd? Our analytical team has done detailed BTC research, but we want to hear your opinion too.
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