Bitcoin is currently being traded at $64,295, with a minor increase of 0.02%. The crucial pivot point is set at $64,650, marked by the green line, which will have a significant impact on determining the next direction of movement. If candles close below this level, it indicates a bearish Bitcoin price forecast.
Immediate resistance levels are noted at $65,139, $65,568, and $65,581. These resistance points indicate potential selling pressure if Bitcoin attempts to increase.
On the downside, immediate support is located at $64,290, with additional support levels at $63,437 and $62,870. These support levels could present potential buying opportunities if the price decreases. The Relative Strength Index (RSI) is currently at 42.55, signaling a neutral trend.
The 50-day Exponential Moving Average (EMA) is at $65,568, indicating a bearish outlook as the current price is below this average.
