Bitcoin is currently being traded at $64,295 against the US dollar, with a marginal increase of 0.02%. The crucial pivot point is set at $64,650, denoted by the green line, which will play a vital role in determining the next direction of movement. If candles close below this level, it indicates a bearish Bitcoin price forecast.
The immediate resistance levels are at $65,139, $65,568, and $65,581, indicating potential selling pressure if Bitcoin attempts to rise. On the other hand, immediate support is found at $64,290, with further support at $63,437 and $62,870, which could present opportunities for buying should the price decline. The Relative Strength Index (RSI) currently stands at 42.55, indicating a neutral trend.
The 50-day Exponential Moving Average (EMA) is positioned at $65,568, suggesting a bearish perspective as the current price is below this average.
