Will BTC Reach $54k Again!
Hello traders,
Here's an update on BTC in 8-hour timeframe.
After reaching a high of 66.5k, BTC saw a 10% rejection. Currently, it is trading below the 100 EMA, and unless BTC breaks and closes above the 100 EMA, the bearish trend will likely continue.
It will be interesting to see whether BTC makes a comeback or rejects further down to 54k.
The RSI is nearing the oversold zone, which could signal a rebound, but let’s remain cautious. As seen in the chart, the RSI was previously near the oversold zone, leading to a rebound, but it eventually dropped by 14%.
The only way this drop will be invalidated is if BTC breaks above the 100 EMA. Let’s hope for the best and stay cautious.
Not financial advice.
Here's an update on BTC in 8-hour timeframe.
After reaching a high of 66.5k, BTC saw a 10% rejection. Currently, it is trading below the 100 EMA, and unless BTC breaks and closes above the 100 EMA, the bearish trend will likely continue.
It will be interesting to see whether BTC makes a comeback or rejects further down to 54k.
The RSI is nearing the oversold zone, which could signal a rebound, but let’s remain cautious. As seen in the chart, the RSI was previously near the oversold zone, leading to a rebound, but it eventually dropped by 14%.
The only way this drop will be invalidated is if BTC breaks above the 100 EMA. Let’s hope for the best and stay cautious.
Not financial advice.
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관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.