Is the Current Level Bottom for Bitcoin?
On the 1D chart, Bitcoin is below the trend line and large volume according to VPVR. RSI has not crossed the oversold area yet which might indicate the decline to $7,200. Moreover, yesterday price drop has switched MACD to the bearish trend.
Summing up, Bitcoin is unlikely to show a trend change soon. The price might show a revival, followed by a further drop.
Summing up, Bitcoin is unlikely to show a trend change soon. The price might show a revival, followed by a further drop.
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