- Daily Chart: Bitcoin Moving Toward Higher Support Levels:
Bitcoin is trading at $65,510 at the time of writing on Wednesday, as the short-term trend shifts to a cautious bullish outlook after regaining ground above its recent lows near $62,510. Meanwhile, the MACD( remains above its signal line on the daily chart, indicating improving bullish momentum.
The RSI) stayed at 35 below the midpoint of 50 after rising from oversold territory, suggesting a decrease in bearish pressure rather than strong buying. At the same time, Bitcoin's price( is trading below the 50, 100, and 200-day EMAs), which
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