More Losses in Bitcoin?
Updated
Hello to all members of TradingView and my followers.
Bitcoin tried to push itself above the $20,650 range so that it could experience another rise with price stabilization. But it could not, and $25,650 resistance stopped it. This reason caused Bitcoin to fall towards its $19,578 support. If this support fails to push the price higher, the decline will continue to the $19,300 support and then to the $18,775 and $18,500 support. According to the mentioned items and the MACD index, which is increasing in the bearish zone, and also the RSI, which is in the oversold zone, I see the probability of falling to $18,500 much higher.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Bitcoin tried to push itself above the $20,650 range so that it could experience another rise with price stabilization. But it could not, and $25,650 resistance stopped it. This reason caused Bitcoin to fall towards its $19,578 support. If this support fails to push the price higher, the decline will continue to the $19,300 support and then to the $18,775 and $18,500 support. According to the mentioned items and the MACD index, which is increasing in the bearish zone, and also the RSI, which is in the oversold zone, I see the probability of falling to $18,500 much higher.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Note
The daily level of $20140 was broken today, and the next level in the weekly time frame is in the $19,200 range, which is also a demand zone. If Bitcoin reaches this level, there will be a reaction, which I will analyze and announce. Also, note that the market structure is bearish on lower time frames.
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