#bitcoin price analysis, insights and signal

Bitcoin's price is currently trading at $69,639, reflecting a slight increase of 0.05%. The pivot point is at $69,612, with immediate resistance levels at $70,144, $71,083, and $71,923. Support levels are at $69,107, $68,415, and $67,570.

The Relative Strength Index (RSI) is at 44.18, indicating neutral market conditions. The 50-day Exponential Moving Average (EMA) is at $69,612, aligning with the pivot point and acting as a critical level for determining future price movements.

Bitcoin price signals bearish continuation, with a risk of more losses below the $60,000 level. Immediate resistance is near $61,200, and the first major resistance could be $62,000 or the 100 hourly Simple moving average. The main resistance now sits at $63,500.

The hourly MACD is gaining pace in the bearish zone, and the RSI is below the 50 level. Major support levels are $60,500 and $60,000, while major resistance levels are $61,200, $62,200, and $62,500[2].

The Bitcoin Real-Time Technical Analysis (BRTI) indicates strong sell signals, with moving averages and technical indicators suggesting a sell.