Bitcoin $BTC quotes at 59,585.4, consolidating within a narrow range between 58,823.9 and 60,796.1 marked by the Bollinger Bands, after the sharp initial drop from the high of 64,068.0 to the low of 58,030.0.
The MACD shows a notable improvement: the histogram, which stayed red for most of the pullback, has now built up several consecutive green bars, and the overall indicator (39.2) is in positive territory for the first time in the analyzed period.
$BTC
The Bollinger middle band at 60,048.7 acts as immediate resistance, just above the current price, while the lower band at 59,301.4 has been respected in the most recent pullback attempts.
Figures by period show that underlying sell pressure remains relevant (-18.89% over 30 days, -44.39% over the year), although the recent stabilization and the MACD improvement suggest that the pace of the decline is slowing.
#bitcoin #BTCUSDT
The MACD shows a notable improvement: the histogram, which stayed red for most of the pullback, has now built up several consecutive green bars, and the overall indicator (39.2) is in positive territory for the first time in the analyzed period.
$BTC
The Bollinger middle band at 60,048.7 acts as immediate resistance, just above the current price, while the lower band at 59,301.4 has been respected in the most recent pullback attempts.
Figures by period show that underlying sell pressure remains relevant (-18.89% over 30 days, -44.39% over the year), although the recent stabilization and the MACD improvement suggest that the pace of the decline is slowing.
#bitcoin #BTCUSDT