BTC slides from a high level of 28,000, expected to decrease
Updated
Hello everyone!
Today, the BTC continues its downward trend after slipping from its high of $28,000. Currently, BTC is trading around the $271.12 price range with no signs of stopping its decline.
On the chart, we can observe that the uptrend has been broken with a breakout at $27,633. This area also marks a reversal signal from the EMA 34, indicating that a downward movement is unfolding.
Given the current downward momentum, there are two price levels being targeted, namely the support levels at $26,759 and $26,208.
What are your thoughts on this?
Today, the BTC continues its downward trend after slipping from its high of $28,000. Currently, BTC is trading around the $271.12 price range with no signs of stopping its decline.
On the chart, we can observe that the uptrend has been broken with a breakout at $27,633. This area also marks a reversal signal from the EMA 34, indicating that a downward movement is unfolding.
Given the current downward momentum, there are two price levels being targeted, namely the support levels at $26,759 and $26,208.
What are your thoughts on this?
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