Bitcoin: Closes In On $80,000
Bitcoin at $79850.09 sits less than 1% from $80,000 with EMA50 support at $73362.23 and RSI at 74.21.
SourceAnalysis
Bitcoin trades at $79850.09, less than 1% from the $80,000 level as the peer-to-peer currency continues its climb through recent milestones. With price testing upper Bollinger resistance at $79618.06 while RSI(14) flashes overbought at 74.21, a healthy retracement to the 50-EMA support at $73362.23 seems probable before further continuation amid the bullish EMA200 at $67440.84. Traders tracking BTC price prediction models now weigh the MACD death cross at 1819.99 against sustained trend strength in this 4h structure.
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