Bitcoin just lost its 42-day uptrend.
The bearish case is getting stronger:
- Closed below the daily trendline
- Lost the daily 50 MA
- Daily RSI broke down
$60,000 is the key support level now.
If it loses it, selling pressure could increase and BTC could dump further.
The bearish case is getting stronger:
- Closed below the daily trendline
- Lost the daily 50 MA
- Daily RSI broke down
$60,000 is the key support level now.
If it loses it, selling pressure could increase and BTC could dump further.