Bitcoin Price Forecast: Coinbase IPO May Fuel BTC's Push To Record Highs

Significant bearish RSI divergence, and the notable plateauing of all three short-term moving averages, suggests that bullish momentum is fading.

Nevertheless, bullish MA stacking and the MACD continuing to track above its neutral midpoint, indicates that the path of least resistance is higher.

Remaining constructively perched above 60,000 would probably allow buyers to continue probing the yearly high (61699), with a daily close above needed to signal the resumption of the primary uptrend and carve a path for price to challenge the 100% Fibonacci (72503).

However, if 60,000 gives way, a swift decline back towards the trend-defining 55-EMA (53567) could be in the offing.

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