TL:DR Breakdown Bitcoin price analysis suggests sideways movement above $44,000The closest support level lies at $45,000BTC faces resistance at the $46,000 mark The Bitcoin price analysis shows that after dropping to the $44,000 mark, BTC has made a strong recovery above the $44,000 support. Since then, the price has remained above the mark but failed to cross above the $46,000 mark due to strong resistance faced by the asset over the weekend. The broader cryptocurrency market observes a bullish sentiment over the last 24-hours as most major cryptocurrencies record a positive change over the period. Major players include ALGO and DOT that record a 20.00 and a 16.47 percent incline respectively. Bitcoin price analysis: Price oscillates as speculation runs high Technical indicators for BTC/USDT by Tradingview Across the technical indicators, the MACD is bullish as exhibited by the dark green histogram. However, the indicator shows low bullish momentum as the green histogram is very small at press time. The indicator exhibited a bullish crossover two days ago and has remained green since. While the momentum increased in the start it stagnated as the price closed into the $46,000 mark. The EMAs are currently below the mean and move towards the x-axis. The EMAs are moving upwards but with a gentle slope as BTC continues oscillating around $46,000. The RSI is currently neutral but trades low showing a selling pressure a...
