Bitcoin is currently steady at around $63,500, showing a 7% increase over the past week. Support levels are set between $58,000 and $60,000, maintaining the uptrend.
Since a dip in August, Bitcoin has risen by 30%, with expectations of surpassing the $65,000 mark. However, a falling Relative Strength Index (RSI) below 80% suggests weakening momentum.
The RSI break below 80% in the monthly chart could indicate potential selling pressure if Bitcoin fails to break above $65,000. This may lead to a correction, focusing on the $60,000 support level.
Despite this, there is optimism that Bitcoin might spike above $73,000 if it gains enough momentum, potentially reaching new all-time highs with a fresh liquidity inflow in the futures market.
