$BTC Bitcoin remains above $67,000 at the time of writing as buyers focus on closing the gap towards $70,000 despite the weak technical picture.
The Relative Strength Index (RSI) is stable at 30 on the daily chart after recovering from oversold conditions earlier this week. A steady reversal towards the midpoint would indicate that bearish pressure is easing, potentially increasing tailwinds ahead of a possible rally.
However, the Moving Average Convergence Divergence (MACD) indicator remains below the signal line, suggesting that, to some extent, bearish momentum may undermine BTC's recovery potential.
Traders should pay attention to the ongoing contraction of the red histogram bars and the MACD line rising above the signal line to confirm a gradual bullish transition. However, a daily close below $67,000 could push Bitcoin down to Wednesday's low of $65,756.
