Bitcoin’s stability appears to be holding as the price consolidates around $35,140, showing a modest 24-hour trading range. Despite recent fluctuations, market sentiment remains cautiously optimistic, with key technical indicators providing a mixed but generally favorable perspective. The neutral readings on the RSI and Stochastic oscillators, alongside bullish signals from moving averages, suggest a potential for upcoming positive momentum.
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While U.S. equity markets are mixed with different signals, the leading crypto asset bitcoin (BTC) is holding above the $35K range on Monday. With a market cap steady at $686 billion and a trading volume of $13.72 billion over the last 24 hours, BTC shows a solid presence in the market.
The relative strength index (RSI) for BTC/USD stands at 77, which traditionally signals that the asset is becoming overbought. However, current market analyses categorize this as neutral, indicating that traders are neither overly bullish nor bearish.
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