April 24, 2024

Moving averages and RSI indicate upcoming BTC growth

Moving averages and RSI indicate upcoming BTC growth

Bitcoin continues to trade above $9,000, where it still has good support and is able to increasepotential.

BTC/USD has touched 200 and 100 EMA and is testing, which is usually a bullish sign that allows you to rise above these levels and confirm the upward movement.

Moving averages and RSI indicate upcoming BTC growth

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At the moment it is important that bitcoin hold the bottom line of the channel and confirm it, otherwise the bearish breakout will dropBTC/USD is below $9,000.

The Relative Strength Index (RSI) sends moderate signals, and they can most likely be interpreted as bullish.However, the upward movement will be confirmed when it exits the EMA and above the resistance levels.

Now the price of cryptocurrency is in the range of $9089-9300, which is still maintained without a pronounced price vector.

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