Bitcoin: Buyers Absorbed at $77007
Material Indicators flagged Bitcoin buyers getting absorbed as the asset trades at $77007.47 inside Bollinger bands on a bearish 4-hour structure with neutral RSI.
SourceAnalysis
Material Indicators noted Bitcoin buyers are getting absorbed.
Price holds at $77007.47 below both the EMA50 at $78924.06 and EMA200 at $81023.71, confirming the bearish trend structure.
Bitcoin trades inside the Bollinger bands with upper resistance at $78578.38 and lower support at $76759.18. The MACD registers a bullish golden cross at -451.43 while RSI at 36.57 stays neutral, creating confluence where any push toward the upper band likely meets selling before a test of the 50-EMA support.
Material Indicators
@MI_AlgosA comprehensive crypto analytics platform offering trading signals and market data