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#Bitcoin Technical Analysis and Price Forecast.
$BTC roses above $70K again yesterday but faced the selling pressure from the resistance price. At the time of writing this on Tuesday Bitcoin is trading at $68,410. Bitcoin faced rejection from the ascending trend line marked as red followed by low of 06 Feb at $60k.
If Bitcoin will make a day close above $68k it may get fall to $65K again. To keep the Bullish momentum continue Bitcoin has to make a day close above $70,500.
The Relative Strength Index RSI is at at 49 slightly lower than the level of neutral aiming straight indicating that the price can go sideways.
While Moving Average Convergence Divergence MACD has made a bullish crossover on Sunday indicating the shift in trend and increase in demand.
#StrategyBTCPurchase
#BTCBackTo70K