BTC Struggles to Break $56K Barrier on Its Way to $58K
On September 9, 2024, Bitcoin is trading at $55,321, rebounding from recent lows but struggling to break through resistance at $56,000.
After a sharp sell-off to $52,546, BTC has shown a recovery. But buying volume remains weaker compared to the earlier selling pressure. Technical indicators are mixed, with the RSI neutral at 40, while oscillators like the CCI signal bullish momentum.
However, moving averages and the MACD suggest sell conditions. While buyers are gradually stepping in, the market remains cautious, and a failure to break $56,000 could lead to a retest of support around $52,500.
Clever Robot News Desk 10th September 2024
Related Article
