Bitcoin price is now around $68k. Today Bitcoin is up 2.95%, Ethereum is up 2.77%, Solana is up 11.35%.
The fear and greed index shows a value of 82 which means extreme market greed for crypto assets.
The latest news is that President Bukele announced that El Salvador will continue to buy 1 Bitcoin every day until BTC 'becomes unaffordable' with fiat currency.
Bitcoin price performance today is Low $64,545.32 and High $68,810.32. Bitcoin price has fallen from ATH $73,750.07 in last week's trading due to Bitcoin Dump.
Bitcoin/USD Technical Analysis Today
The summary of technical indicators by Investing today produces a strong Buy signal while Moving averages with different periods provide a Buy signal.
On Ticktrader FXOpen Bitcoin price rose from a low of $64554 to $68898 forming a bullish candlestick.
On the daily timeframe, Bitcoin price is above the middle line after previously crossing the line from the upside.
The structure of the Bollinger band indicator in this time frame forms an upward channel with a wide upper and lower band distance, an indication of high market volatility.
The 50 MA formed an ascending channel below the lower band line indicating a long-term bullish signal.
On the other hand, the RSI indicator shows level 58 drawing an increasing line, which means the price is above the uptrend level.
On the H1 timeframe, BTCUSD is below the upper band line which may be a resistance zone on this timeframe. It appears that the price is consolidating above the MA 50 which is drawing a flat channel.
The Bollinger band line structure appears to be expanding, indicating increased market volatility.
Meanwhile, the RSI indicator shows level 69, which means the price is above the uptrend level.
Support and resistance
S3: 25954.7
S2: 38471.6
S1: 49188.6
R1: 73727
R2: 73727
R3: 73727
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