It can be seen that the EMA100 now plays a very good supportive role This is also a 50% fibonacci level of the increase from $ 7k5 to $ 14k previously.
At this time, the RSI is in the 41 area, so further declines are possible. If RSI approaches the 20 area, the price may reach 9k9 - 8k8, which is the next support level.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.