BTCUSD bearish trend analysis. When will it stop ?
BTC is still in bearish trend ( MACD ) and oversold ( Stock RSI ) , also 0.786 Fib level has been broken.
There is a very strong support at 8000 level. I think it is very unlikely that the major support will be broken.
if BTC hits the support it is very likely to return from there and it can be expected to start rising.
Buy zone = 8000 - 9000
There is a very strong support at 8000 level. I think it is very unlikely that the major support will be broken.
if BTC hits the support it is very likely to return from there and it can be expected to start rising.
Buy zone = 8000 - 9000
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.