BTCUSD is currently facing the risk of Bitcoin Halving. For this reason, it would not be surprising if the market is continuously controlled by bears. Both the short-term and medium-term outlook show that the bearish trend is gradually strengthening. Technical setup on h4 chart, Relative Strength Index (RSI) is trending overbought <50, allowing for the possibility of a downtrend revival to gradually strengthen., if bearish momentum continues, point BTCUSD's next recovery is to the price level of 67,489. If this level is crossed, it could cause gold to fall further, potentially reaching the 57,536 price level.
Note
Note
I think the price is going exactly as I thoughtNote
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Disclaimer
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.