Bitcoin: Holds Above May High as Tension Builds
Bitcoin trades at $83954.26 holding above May high with neutral RSI 51.61 and MACD golden cross on 4h chart as tension builds for next move.
SourceAnalysis
Bitcoin holds rock steady above the May high but shows no rally yet, with tensions building for the next big move as noted by trader @godbole17. Price action at $83954.26 sits above EMA50 support at $83542.29 and EMA200 at $79607.97, with RSI neutral at 51.61 and MACD confirming bullish golden cross, while trading inside Bollinger bands and eyeing upper resistance at $84756.77 before any healthy retracement to the 50-EMA.
Omkar Godbole, MMS Finance, CMT
@godbole17Staff of MMS Finance.
Premium Sponsors
.jpg)