Daily analysis (TA) :Bitcoin Make Big Downside what's next?

in #bitcoin3 months ago

Daily analysis (TA) :Bitcoin Make Big Downside what's next?


BTC make this big downside and hit his support levels areas (53200$-53000$) (51520$-51000$) Finally Bitcoin hit the support level 49515$ and bounce on 48560$ support level
The resistance area is forming near (51000$-51500$) levels, if BTC submit this resistance it will be able to scale into (52460$-53200$)--(54520$-55100$)--(56490$-56900$)--(57560$-58215$) Resistance Areas.
If BTC hit the support level 48560$ might lead the price towards (47370$-46500$) and 45500$ important support levels.

Hourly MACD – The MACD is in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is in The 30 level.

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