Bitcoin: Tests $62000 Support Level
Bitcoin tests $62000 with price at $64203.65, RSI at 29.65 and MACD death cross on 4h chart.
SourceAnalysis
Bitcoin tests the $62000 zone as price sits at $64203.65.
BTC trades inside Bollinger Bands with lower support at $61424.01 while EMA50 at $70364.67 and EMA200 at $74994.13 cap upside.
RSI(14) at 29.65 signals oversold conditions and MACD at -2409.64 confirms the death cross, locking in bearish momentum on the 4h chart. Price action shows sellers dominating after the last twelve months of range-bound trading, with any bounce likely to stall at upper band resistance near $73490.63 before fresh downside tests.
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