BTC closed its daily candle well below the 87K support, which is a bearish signal. Currently, it appears to be retesting this level.
If Bitcoin fails to reclaim 87K+ on a daily close, it could indicate further downside movement. However, if BTC manages a daily close above 87K, this could be the last opportunity for bulls to regain control and push the market upward.
Keep an eye on the daily close for confirmation of the next major move. Stay tuned for more updates. DYOR, NFA #Bitcoin
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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.