BTC Broke Support Line

As we can see on the graph (logs scale) Bitcoin has broken the red support line. It seems the breakdown is confirmed by retesting the support line.
If we considered that technical indicators like MACD are bearish also, it strengthens our prediction that BTC is going down.
The next support zone could be the 30k-32k zone.
Welcome to share your opinion :)

Yorum:

Support line has been broken. Now bulls are trying to defend 31-32k support zone.