Bitcoin’s Daily Trend Stays Neutral as Hourly Momentum Weakens

Bitcoin (BTC) had a neutral daily trend reading and weaker hourly momentum on Oct. 25. The hourly readings placed BTC below all three exponential moving averages (EMAs) listed for that chart. On the daily chart, BTC was below the 20-day EMA at $82,338.18 and the 50-day EMA at $80,854.08, but above the 200-day EMA at $75,639.24. The daily trend was neutral, with the EMAs in bullish alignment. Hourly readings put BTC below the 20-hour EMA at $80,640.81, the 50-hour EMA at $80,947.18 and the 200-hour EMA at $81,723.76. The relative strength index (RSI) was 44.3 on the daily chart and 40.4 on the hourly chart. The 15-minute RSI was 40.5, and the indicators were mixed. Hourly resistance was $80,489.65, and support was $80,127.34.

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