The price of Bitcoin had a spectacular day. Despite the strong recovery, the CyBorg predictor believes that the price will not rise above $7'400 within 24 hours.
Current support/resistance: $6'400 / $7'300
After testing the key holder, a violent buying pressure was observed. The price of Bitcoin gained more than 10% in a few hours after holding at the support level. The price has even risen above the 20-day moving average which seems to be the resistance to follow. However, despite this movement, the trend is still downward and the price has met with strong resistance around $7'400.
The RSI is now in a more neutral zone and there are potential signs of a change in momentum.