The Breaking news about BTC
Meanwhile, a 5% slump seems likely for Bitcoin price amid falling momentum. It comes amid buyer exhaustion after BTC was massively overbought. With the Relative Strength Index (RSI) and the Awesome Oscillator (AO) supporting the downside, BTC could slide to test the support confluence between the 25-day Exponential Moving Average (EMA) and the horizontal line at $34,483 before a possible bounce.
In a more dire case, the slump could crack past $34,483 to test the 50-day EMA at $32,332. Selling pressure could see Bitcoin price lose critical support at $31,190. A daily candlestick close below this level would invalidate the bullish thesis.