The RSI and 50 EMA support a bullish bias in Bitcoin
On Monday, the leading cryptocurrency BTC/USD is trading with a bullish bias at 51,642 level, gaining an immediate support at 51,300 level.
On the downside, the pair is facing another support at the 49,790 level.
However, the 49,790 support level breakout exposes the BTC/USD pair to 48,579 and 47,062.4 support zones.
Conversely, the breakout of the 51,850 resistance level exposes the Bitcoin towards the 52,513 and 54,025 levels.
The RSI and 50 EMA support a bullish bias in Bitcoin.
Thus, the focus should remain on 51360.00 - 51,850. All the best!
On the downside, the pair is facing another support at the 49,790 level.
However, the 49,790 support level breakout exposes the BTC/USD pair to 48,579 and 47,062.4 support zones.
Conversely, the breakout of the 51,850 resistance level exposes the Bitcoin towards the 52,513 and 54,025 levels.
The RSI and 50 EMA support a bullish bias in Bitcoin.
Thus, the focus should remain on 51360.00 - 51,850. All the best!
