When looking at the chart above you can see Bitcoin has now broken through the previous support and turned it into resistance, shown as the yellow line. The RSI has made a lower high which shows bearish divergence. We can expect another 10% - 14% drop for an attempt at a higher low. If we manage to create a higher low. Let's watch these zones and remember 32.9k is the level we need to stay above or it can get very bearish.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
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This is not financial advice. This is for educational purposes only.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.