Technical Analysis and Price Forecast of Bitcoin.

$BTC Start pumping on Wednesday Asia opening time. Right now Bitcoin is trading near $79,000. Bitcoin Retested the Key psychological support price level of 73,800 on Monday and took a strong pullback from the support zone.

If Bitcoin will make a day close above $78,000 then Bitcoin can pump towards $81,000.

However aday close below $77,500 could result in the fall of price towards $74,000 again.

The Relative Strength Index RSI is at 66 aiming upward indicating that the bullish momentum is getting strong and the bearish momentum is fading away. and Moving Average Convergence Divergence MACD is also showing the increase in demand of Bitcoin.