BTC is hanging on to support between 54.5k and 58k, if we break this key support level there is very little support until 51.5k. We've nearly hit our measured move of 54.5k near the bottom of this support zone. MACD showing weakening bearish Volume on the Histogram, and Stochastic RSI oversold, RSI looking bearish currently and Volume isn't following through.
Volume is key here for a move to either the upside or downside short term.
Volume is key here for a move to either the upside or downside short term.
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Disclaimer
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.