Bitcoin (BTCUSD) continues to print lower highs with indicators (RSI and MACD) going bearish.
Now that prices are once more going below EMA10 after a lower high, we are likely to test the next support... Meaning, EMA50 will break, and EMA100 at $8110 will be tested.
If prices bounce, the orange trendline needs to be conquered first before additional up.
This drop has been taking form for days now... This is our final call. Thanks a lot for your continued support.
Namaste. -------------
Previous charts:
🅱️ Bitcoin Support Levels (4H Timeframe)
⭐️🅱️ Bitcoin Drop Takes Form (Support Levels + Signals) 1111
🅱️ Bitcoin Peak Prices Since All-Time High @$20000 (Lower Highs)
@mundolicious, That's around MA200 on the 4H Timeframe...
Cebela
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I think we need to take in account miners not selling the freshly mined coins? Supply therefore low and even with low demand volume you can have upwards pressure.
KRiPTOInvestments
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great analysis ;)
looking my chart
AlanSantana
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@CRFXTrading, Looks pretty nice... Thanks a lot for sharing. 😊🙏🏻