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

in #btc3 months ago

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

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BTC extended his rally above and 54600$ - 55100$-56245$-57450$ Before make this big downside and hit his support levels 57450$-56250$ and bounce into the important support level 55100$
The resistance line is forming near 56250$ level, if BTC submit this resistance it will be able to scale into 57450 - - 58000$ - - 58500$ Resistance Levels.
If BTC hit the support level55100$ might lead the price towards 54600$-(53200$) important support levels.

Hourly MACD – The MACD is in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is Below The 50 level.

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BTC hit the support level 53200 It's now 52340$
The next support level is 51500$
What this red day! 🥵