BITCOIN Is Bearish! Short!

snapshot
Take a look at our analysis for BITCOIN.

Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is approaching a key horizontal level 25787.37.

Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 23690.45 level.

P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.

Like and subscribe and comment my ideas if you enjoy them!
Bitcoin (Cryptocurrency)Chart PatternscurrencyforecastForexSELLshortsignalsswingtradingTrend AnalysisWave Analysis

✅JOIN FREE TELEGRAM: t.me/signalsproviderfx

💰FREE & PREMIUM SIGNALS: t.me/signalsproviderfx

🌐WebSite: signalprovider.org/
🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
Also on:

Related publications

Disclaimer