Coindesk analysis: short-term or downside risks under Bitcoin

According to the coindesk analysis, although Bitcoin is currently performing well and the price is above the 21-month Expo Moving Average (EMA), it is still difficult to break through $6,000 because there are three key resistance levels between $5,400 and $5,900. As long as the price stays above the 30-day moving average to $5,199, the short-term outlook remains bullish. However, according to the short-term chart, Bitcoin is likely to fall back to that level within the next 24 hours.