Hello everyone!
Today, the BTC continues its downward trend after slipping from its high of $28,000. Currently, BTC is trading around the $271.12 price range with no signs of stopping its decline.
On the chart, we can observe that the uptrend has been broken with a breakout at $27,633. This area also marks a reversal signal from the EMA 34, indicating that a downward movement is unfolding.
Given the current downward momentum, there are two price levels being targeted, namely the support levels at $26,759 and $26,208.
What are your thoughts on this?
Today, the BTC continues its downward trend after slipping from its high of $28,000. Currently, BTC is trading around the $271.12 price range with no signs of stopping its decline.
On the chart, we can observe that the uptrend has been broken with a breakout at $27,633. This area also marks a reversal signal from the EMA 34, indicating that a downward movement is unfolding.
Given the current downward momentum, there are two price levels being targeted, namely the support levels at $26,759 and $26,208.
What are your thoughts on this?
Note
If you find this information helpful and useful, please leave a like and follow to receive the latest updates!Note
BTC has now reduced the price of 0.5 % in the dayTrade active
Related publications
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.
Related publications
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.