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Bitcoin (BTC) price is taking resistance from the 100-day EMA on the daily timeframe. - 2
The crypto is trading near its previous support level.
BTC’s price is currently trading above all the major EMA levels. The overall price structure indicates BTC’s price presently trading near the supply zone which may soon break the structure with a strong bearish momentum. Though it is being supported by crucial support levels, it is often respected by the buyers. Hence, the sellers may find it a little challenging to overwhelm the buyers.
Previously, after taking support near $16000.00, BTC’s price made a breakthrough …
Source: https://www.thecoinrepublic.com/2023/06/06/btc-price-bullish-will-worlds-first-crypto-decline-further/