bitcoin is approaching a support line and rsi divergence seen

I think the price move down from the support seen at 48k really pushed the oversold indicator , support @47200 will be looked at next, if the price holds here we might see a bounce, a dead cat one probably, as we slowly grind back down, I call it Post-Santa rally meltdown, lol. Just kidding.

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support at 47k briefly bounced but got broken so hard lol anyway next support incoming will look at the 45.5k level. cheers

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The price slowly trending downwards, 45.5k still strong support will look to be tested near time.

A further strength will be met with resistance at 48k

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Price broke above 48k but lost momentum and is now testing the support at 48k, if proved strong, the price will gain momentum and aim resistance at 49.2k. cheers

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Price made a reversal after briefly breaking above 48K, but lost momentum and could not be supported at 48K and made the fall to 45.7. At 44k-46k, this support area will be looked at.

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I think the level at 46k has been strong support for a month now, the price will look to be range until we get a clean pattern.

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RSI looks oversold, the next price target is 47.5k.

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The support at 46k proves to be strong , price looks to be ranging between 46k-48k, Still RSI looks oversold

nabilswaleh92

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nabilswaleh92

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