The technical analysis of Bitcoin indicates a clear state of consolidation between increasing selling pressure and resilient support levels. This consolidation may lead to a sudden movement in either direction. 👀
Technical Indicators:
- Relative Strength Index (RSI) indicates a state of oversold
- Moving Averages (MA) indicate a downward trend
- Support and resistance levels indicate a state of consolidation
Movement probabilities:
- Bullish movement if Bitcoin breaks the resistance level
- Bearish movement if Bitcoin breaks the support level.
BTC
65,677.8
-0.69%
