Bitcoin is not looking good, more downside action still to come
Technical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Bitcoin was breakout the Falling Wedge2 and Falling Wedge1 and retested done & Above the Major Daily/Horizontal Support (31k to 28k). Need to break both the DMA {Daily Moving Average (21&50ma)} to be bullish and get momentum from here but The price didn’t manage to break the dashed resistance trendline and there was no breakout confirmation on the RSI ❌, it's break the down support so, i think more downside action still to come.
If Bitcoin Remains Above the Daily/Horizontal Support, Bitcoin gonna Bounce Back Anytime.
In Worst Case, If Daily Candle Closed Below the Daily/Horizontal Support Area , Next Stop would be 20k
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#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
Welcome to this quick update everyone,
In Daily timeframe Chart, Bitcoin was breakout the Falling Wedge2 and Falling Wedge1 and retested done & Above the Major Daily/Horizontal Support (31k to 28k). Need to break both the DMA {Daily Moving Average (21&50ma)} to be bullish and get momentum from here but The price didn’t manage to break the dashed resistance trendline and there was no breakout confirmation on the RSI ❌, it's break the down support so, i think more downside action still to come.
If Bitcoin Remains Above the Daily/Horizontal Support, Bitcoin gonna Bounce Back Anytime.
In Worst Case, If Daily Candle Closed Below the Daily/Horizontal Support Area , Next Stop would be 20k
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
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