Bitcoin Holding Support at $60K; Could Face Resistance at $63K-$65K

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Bitcoin (BTC) is stabilizing across the $60,000 help stage after declining about 15% from an all-time excessive close to $69,000.

The cryptocurrency is roughly flat over the previous 24 hours and will see additional upside towards the $63,000-$65,000 resistance zone.

Both the 50-day and 100-day transferring averages are sloping upward, indicating a optimistic intermediate-term pattern. This means consumers may stay lively on pullbacks given sturdy value help above $53,000.

For now, the relative energy index (RSI) on the day by day chart is beneath a impartial studying of fifty, which suggests a interval of consolidation may proceed till a decisive breakout or breakdown is confirmed.