Bitcoin BTCUSDT Price Analysis April 10, 2023

BTCUSDT

Bitcoin has bounced off the 20-day EMA (27,692) on April 9, suggesting buying at lower levels. The 20-day EMA gradually trending up and the RSI in positive territory favor the buyers.

On the upside, the resistance level to watch is at 29,200. If the bulls manage to break above it, the BTC/USDT pair may rise to 30,000, with the possibility of a further surge to 32,200. However, if the price turns down from 29,200, it will indicate bear activity at higher levels. The sellers may try to sink the price below the 20-day EMA, and if successful, the pair could drop to 25,250.

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