Bitcoin rebound after hit lower band line

Today cryptocurrencies are moving in the green zone, Bitcoin is up 9.10%, Ethereum is up 10.89%, and Solana is up 12.41%
Fear and Greed Index value at 74, the market is greedy for crypto assets.
Looking at the changes in the Ethereum ETF news, it seems that the SEC rejected the proposed proposal even though there was a delay until May.

Bitcoin/USD technical analysis today.

Bitcoin price fluctuations still have high volatility, after a massive decline a few days ago, Bitcoin appears to have risen significantly today to form a bullish candlestick.
Today's Bitcoin price performance formed a Low of $60,807.79 and a High of $68,115.26. You can see the price forming a bullish candlestick with a small shadow at the bottom of the candle.
Investing today's technical summary of indicators shows a strong buy signal in the hourly period. And the indicator's moving averages at different periods give strong buy signals.

According to Investing, digital asset manager CoinShares indicated earlier this week that Bitcoin-linked investment products saw a total of $2.86 billion in inflows in the past week.
On the other hand, the Grayscale Bitcoin Trust (BTC) (NYSE: GBTC) experienced sustained outflows, amounting to $1.25 billion over the past week.

On Ticktrader FXOpen, Bitcoin price bounced up after touching the lower band line at a low of $60806. Then the price spiked to a high of $68109 trying to cross the middle band line from the downside.
On the daily timeframe, the price is now moving near the middle band line which is the pivot point area for Bitcoin's current price movement.
The Bollinger band appears to be narrowing even though the distance between the upper and lower bands is still quite wide. This indicates that market volatility has reduced but is still medium.
The 50 MA is far below the price and the lower band forms an upward channel indicating a long-term uptrend.
On the other hand, the RSI indicator shows level 57, which means the price is above the uptrend level.

On the H1 timeframe, Bitcoin price moves near the upper band line. Here you can see the Bollinger band line expanding, indicating high market volatility.
The 50 MA near the middle band line forms an ascending channel providing a bullish signal in the short term.
Meanwhile, the RSI indicator shows level 69, which means the price is above the uptrend level near the oversold zone.

Support and resistance

S3: 25954.7
S2: 38471.6
S1: 50587.6
R1: 73727
R2: 73727
R3: 73727

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