BTC Daily Update 15 May 2021
BTC in the daily timeframe is facing rejection at around 51k bringing the price back down to 49K. This show a sign of weakness in BTC as the market is in fear.
We are holding strong at around
48K and we might consolidate at around 48K to 51k. We may see BTC to touch the support of the downtrend resistance at 43k in the short term to test its previous support.
BTC must hold the support of downtrend channel or we will see a pullback at 37k.
MACD signal line in daily timeframe are still not showing any reversal as BTC face rejection at 51k.
We are holding strong at around
48K and we might consolidate at around 48K to 51k. We may see BTC to touch the support of the downtrend resistance at 43k in the short term to test its previous support. BTC must hold the support of downtrend channel or we will see a pullback at 37k.
MACD signal line in daily timeframe are still not showing any reversal as BTC face rejection at 51k.
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