Bitcoin: Sellers Exhausted but Bulls Not Yet Victorious
Material Indicators states Bitcoin sellers may be exhausted yet bulls have not won, with price at $80638.24 showing bearish EMA structure alongside a MACD golden cross on the 4h chart.
SourceAnalysis
Material Indicators notes Bitcoin sellers may be exhausted but bulls have not won yet.
Price sits at $80638.24 inside the Bollinger Bands with upper resistance at $81092 and lower support at $79527. The structure remains bearish as price trades below both EMA50 at $81092.51 and EMA200 at $81742.8. Momentum shows RSI(14) neutral at 50.27 while MACD(12,26) prints a bullish golden cross at -313.54, hinting at potential relief toward the 50-EMA before any sustained move higher.
Material Indicators
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