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Bitcoincryptocurrency

Bitcoin shows bearish sign on RSI.#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research. ## Technical analysis: . BTCUSDT was Moving in a Triangular channel then IT had a breakout. . After Breakout It started Following parallel Channel. . The price is now Below 50 EMA and 20 EMA.( BEARISH SIGN ) #Three Important KEY level Which May require A retesting. KEY LEVEL 1:- Around $64000. ( Previous ATH ) KEY LEVEL 2:- Around $61500. ( DUE Retesting OF Triangular pattern after breakout) ) KEY LEVEL 3:- Around $60000. ( Lower Edge Of the parallel Channel ) Support Around $58500 Is very Strong. #Bearish Sign. .THE RSI made a Lower high and at the same time price movement made a higher high, This kind of divergence is a BEARISH SIGN. . Also Its Price is below 20&50 EMA which is also a BEARISH SIGN. I f You Loved This Analysis ❤️ Hit the LIKE button Drop some feedback below in the comment ! Trade well. ❤️
by PriyanshuKatta

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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