This idea analyzes the Ranko chart in daily timeframes. As you can see, Bitcoin has started to decline after respecting the resistance of the EMA20 ($ 44,000). This downward trend continues in the chart and its first target is the support level of Rekco at $ 35,000
Bitcoin's response to this level of support will be significant. If this level of
BTCUSDBTCUSD
BTCUSDT$BYBIT:BTCUSDBTCUSDBTCUSDBTCUSDBTCUSDBTCUSDTBTCUSDT support breaks down, we should expect a further drop in the price of bitcoin
Bitcoin's response to this level of support will be significant. If this level of
BTCUSDBTCUSDBTCUSDT$BYBIT:BTCUSDBTCUSDBTCUSDBTCUSDBTCUSDBTCUSDTBTCUSDT support breaks down, we should expect a further drop in the price of bitcoin
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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.