#Bitcoin 1D chart updated;
BTC 1D chart;Let's do a general #Bitcoin analysis;
Bitcoin hasn't had a daily EMA (50-200) crossover in a little over 11 months. However, if it continues like this, it will experience a Dead Cross cross in a few days. This can also be interpreted as a bearish signal. This intersection does not mean that it will fall 100%, but it is one of the strong signals.
Bitcoin continues its downtrend after its historic peak, making continuous lower highs.
I would like to draw your attention to the MSS levels; they signal a trend reversal. The last upward trend reversal happened and it hasn't changed to the downside yet. For this to happen, a close below the +OB level of $56000 is required. Then the downside MSS will take place. Following this closely will give you an idea of the possible trend direction.
It last tested the $49000 level with a hard pin. This is the OB resistance. We see that this area is working well.
I still think that the $48000 level, which I have mentioned every time (unless there is no contrary data), can be retested.
However, if there is a close below it, the OB at $42000 and the BPR (Balance Price Range) at $41000, just below it, could be tested.
These are not possibilities that I expect, I just want to let you know that these levels exist. In a possible dire scenario, these levels can be targeted to determine entry points.
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