The long-term uptrend in Bitcoin continues to remain intact, having the support level around the $50,000 threshold. But the upside momentum keeps slowing as BTC is consolidating below the much-awaited $60,000 level of resistance.
The daily relative strength index (RSI) has now returned to neutral territory after it went to reach overbought levels in early March. Prior episodes of RSI moving from overbought to neutral led to price recoveries along the 50-day volume-weighted moving average, according to coindesk.com.
