$BTC
🚨BTC/USD Technical Analysis🚨
The daily timeframe chart shows that the BTC/USD pair has been in a strong downward trend, moving from a high of 126,300 in October last year to the current 72,850. It recently crashed below the key support level at 80,486, its lowest level in November last year.
The BTC/USD pair has continued falling below the 50-day and 100-day Exponential Moving Averages (EMA) and the Supertrend indicator. At the same time, the Relative Strength Index (RSI) has moved to the extreme oversold of 22. The two lines of the Stochastic Oscillator have also moved below the oversold level.
Therefore, the BTC/USD pair will likely continue falling as sellers target the key support level at 70,000. On the other positive side, rebounds normally happen when the Fear and Greed Index moves to the extreme fear zone and when the coin gets highly oversold.
#BTC320 #Trendingissue #mr320 #WriteToEarn2026 #Trendingcoin320