BTC update. Not looking good for the Bulls !
BTC update!
BTC has been experiencing a downward trend for the past 10 days. Currently, the market is below EMA’s on all charts except the 200 on the daily chart, indicating a bearish sign. Additionally, there’s a crossing in the extremely oversold zone in my indicator, which could suggest a prolonged stay in this region. Based on this scenario, it is likely that the market will trend towards the next major support zone ranging from 28500 to 27400 and then potentially retreat to a critical level for the bulls at 30400.
Please note that this information is not financial advice and should be used for informational purposes only.
BTC has been experiencing a downward trend for the past 10 days. Currently, the market is below EMA’s on all charts except the 200 on the daily chart, indicating a bearish sign. Additionally, there’s a crossing in the extremely oversold zone in my indicator, which could suggest a prolonged stay in this region. Based on this scenario, it is likely that the market will trend towards the next major support zone ranging from 28500 to 27400 and then potentially retreat to a critical level for the bulls at 30400.
Please note that this information is not financial advice and should be used for informational purposes only.
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