Bitcoin RSI points to more BTC price upside as a $65K battle rages

BTC price gains cool as a struggle for the Bitcoin short-term holder realized price unfolds, but analysis demands continuation.

• Bitcoin continued its fight to reclaim $65,000 on July 18 as the level became a key line in the sand for analysts.
• Data from Cointelegraph Markets Pro and TradingView showed consolidatory BTC price action characterizing the Asia trading session and Wall Street open.
• Bitcoin bulls seek to break crucial resistance hurdle
• Having reached $66,000 the day prior, BTC/USD returned to test the mettle of its recent gains as the short-term holder (STH) realized price came into play.

Bitcoin bulls seek to break crucial resistance hurdle

Data from Cointelegraph Markets Pro and TradingView showed consolidatory BTC price action characterizing the Asia trading session and Wall Street open.

Having reached $66,000 the day prior, BTC/USD returned to test the mettle of its recent gains as the short-term holder (STH) realized price came into play.

Bitcoin will need a similar retest like in the not-so-distant past (blue circle) to confirm a break back into the $65,000-$71,500 region.

• A further post warned that BTC/USD “risks rejection” if the $65,000 area remains undefeated on daily timeframes.
• Continuing, trader, analyst, and podcast host Scott Melker eyed positive low-timeframe relative strength index (RSI) signals for a clue as to where the market would head next.
• Employing Elliott Wave analysis, crypto trader and educator XForceGlobal saw reason for confidence in upside continuation following a consolidatory phase.

Bullish BTC price signals flow

A further bullish turnaround meanwhile came from a proprietary trading indicator created by trading suite DecenTrader.

Predator has spoken, DecenTrader added in X commentary.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.