Bitcoin is trading around $81,500, caught between support at $81,000 and resistance extending toward $82,500. The relative strength index (RSI) stands at 46, indicating neutral momentum, while short-term moving averages favor sellers. The cryptocurrency boasts a market cap of approximately $1.64 trillion with $13.967 billion in daily trading volume. Traders are now assessing whether the current consolidation will lead to a recovery above $82,500 or a decline toward key support levels near $79,694.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
