Bitcoin just broke 2 main support lines and is heading towards the 8.5k! MACD and RSI both show room for further price decline. However, the day is still long, if the price can close above 10.6k, we might have a chance of reaching 14k after all. However, at the moment it is looking very bearish.
Note
RSI definitely oversold. Heavy resistance around the current price level. Lets keep our eyes open for possible reversal signals like a double bottom or a reversed head and shoulders (Looking at the 15 (min) scale).
Disclaimer
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.
Disclaimer
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.