Bitcoin Multi-Timeframe AnalysisYou can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Hourly Chart: Downward regression channel (Bearish)
Daily Chart seems to find support at 58500, closing below this level could push bitcoin down to 52K.
Weekly Chart: A candle with a long upper shadow followed by a bearish engulfing candle after a bullish rally is not a good sign! (Bearish)
Monthly Chart: Gravestone Doji..! (Bearish)
Conclusion: 58-60 k is a very important level and reaction to this is critical!
In the past few days, we see red candles with long bodies and greater numbers in comparison to green candles which shows sellers overwhelm buyers!
consolidation between 58-69k could be the most probable case for a while!
Best,
Moshkelgosha
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