As of July 2, 2024, Bitcoin has seen a slight uptick in its trading value, currently standing at **\$63,315**. This represents a modest increase of just over 1% within the day’s trading. However, traders are observing a resistance level forming around the **\$63,555** mark. The emergence of a Doji candlestick configuration on the 4-hour trading chart is reinforcing this perspective.
In conjunction with this pattern, the Relative Strength Index (RSI) is registering an overbought signal with a reading of **75**, hinting at the possibility of a forthcoming downward trend. Despite these immediate signs of a potential pullback, the 50-day Exponential Moving Average (EMA) is on an ascent, currently at **\$61,680**, which could be indicative of a sustained bullish sentiment within the market.