#BTC Remaining below the trend line I’ve drawn in blue is a sign that the decline is likely to continue.
For an upward move to occur, the price must break above this blue trend line and close there. A close above approximately 81,281 would signal that this downward trend has been broken.
The decline could potentially extend toward the 67,000–66,000 range. Key support levels to watch during any downward movement are 73,354, 67,306, and 66,769.
If we see signs that buyers are stepping in at these support levels, an upward reversal could follow.
For an upward move to occur, the price must break above this blue trend line and close there. A close above approximately 81,281 would signal that this downward trend has been broken.
The decline could potentially extend toward the 67,000–66,000 range. Key support levels to watch during any downward movement are 73,354, 67,306, and 66,769.
If we see signs that buyers are stepping in at these support levels, an upward reversal could follow.
