2 days ago
8
Key Takeaways
- BTC at $76,851.
- MA200 at $81,462: overhead resistance, $4,610 above current price.
- MA50 at $75,640: nearest support, $1,211 below current price.
- RSI at 44.64, signal at 58.94: 14.30 point spread, first sub-50 reading since recovery.
- Two Binance taker sell spikes: $1.5B on May 15, $1.1B as price broke $77,000.
What the RSI and MA structure show about the damage
The BTC/USDT daily chart shows Bitcoin at $76,851 at the time of writing, down 1.6% on the day with a low of $76,707. The MA structure is unchanged from prior sessions: MA200 at $81,462 overhead, MA50 at $75,640 below, MA100 at $72,223 further below. Both MA50 and MA100 are rising, and the MA50 has crossed above the MA100 – a bullish structural signal that the current price decline has not yet invalidated.
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