Bitcoin Price Signals Point to Future Trends and Key Levels – BitRss

Despite losing 1% in the last 24 hours, Bitcoin (BTC ($97,821.32)) $97,805 has seen a weekly rise of 3.38% and an increase of 3.89% since the beginning of the year. The largest cryptocurrency, with a trading volume of $34.188 billion, has a market capitalization of $1.923 trillion and a market dominance of 60.81%. Although technical indicators suggest a downward trend for Bitcoin, remaining above critical levels could allow for new highs.

What Do Technical Indicators Signal for Bitcoin Price?

Examining Bitcoin’s technical analysis, the Moving Average Convergence Divergence (MACD) indicator remains stable in the red histogram, indicating that the average has continued its downward trend. This suggests that selling pressure is still impacting the price.