Keeping an eye on Bitcoin’s price movements and unsure of the next move? With key support and resistance levels in play, recent volatility has traders closely watching every shift. Let’s dive into the past 24 hours to assess BTC’s momentum and what lies ahead.

Bitcoin Price Analysis of the Last 24 Hours

The trading day began with an overbought condition, leading Bitcoin to find resistance at $96,500.22. At 00:35 UTC, a death cross on the MACD signaled a potential decline, which materialized as the price dropped to $95,078.63, finding support amid an oversold RSI at 4:35 UTC. At 5:00 UTC, a golden cross on the MACD suggested a recovery, bringing Bitcoin into a moderate trading range. However, at 13:50 UTC, another death cross hinted at renewed selling pressure. The confirmation came at 14:50 UTC, with a breakdown supported by an oversold RSI, accelerating the decline.