- Daily Chart: Technical Outlook for Bitcoin:
Bitcoin is attempting to recover above the support level at $65,118, supported by the Relative Strength Index (RSI) which has stabilized at 31 on the daily chart after recently rising from the oversold region. Continued RSI recovery toward the midline will confirm a new bullish dominance, with bearish momentum waning.
Meanwhile, the Moving Average Convergence Divergence (MACD) is narrowing the gap with the signal line on the same chart. Additionally, the red histogram bars are steadily decreasing, indicating that sellers may have overextended their
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