- Today's Chart: Bitcoin is exposed to further losses:

Bitcoin is currently trading just below $70,000, with short-term outlook expectations turning slightly bearish. The price appears to be stabilizing within a range below the exponential moving averages (EMAs) for 50, 100, and 200 days, which are approximately between $72,000 and $86,000, forming the upper boundary of the overall trend.

The Moving Average Convergence Divergence (MACD) has fallen below the signal line on the daily chart, indicating a slowdown in bullish momentum after the market surged to $76,000 in March. Additionally, the Relative Strength Index (RSI), at around 49 on the same chart, confirms this neutral-to-bearish balance, suggesting a balance between buyers and sellers rather than an extended sell-off or a new rally.

Daily chart of the BTC/USDT pair

Immediate support is at its recent low near $67,800, with a break below this level potentially leading to further decline toward the $65,800–$65,000 zone, which is the next bearish target. If the price drops below this level, a larger correction could reach the mid-March low around $63,000. On the upside, initial resistance is at the psychological level of $70,500, followed by the 50-day exponential moving average at $72,081. A daily close above this level is needed to neutralize the current weak trend and refocus attention on the March high of $76,000.
$BTC