If the BTC drops below 8000 and the RSI below 50, the decline may accelerate. We can wait and see if we can support 8000 zones for now. In case of being under 8000, 67xx can be seen after the first target 73xx.
Note
BTC is testing the resistance 8000-82xx. There is a decrease in volume and I see streamer formation, if it works, the downtrend can continue and it is targeted 16xx below the break point. (Target 68xx)Note
New look in the streamer formation
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.