Bitcoin managed to maintain itself above $5'300. A bullish sign after last week's drop.
Actual support/resistance: $5'300/$5'400
The momentum is still bullish. Despite the fact that the price briefly dropped below $5'300, bitcoin managed to stabilize above this support. However, the buying pressure is not strong enough to go back above $5'400. Unless volumes increase, it is likely that bitcoin will be traded laterally for the next hours.
In terms of technical indicators, the MACD lines are gradually converging, RSI is slightly overbought and the price is still above the 20-day moving average.
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