💸 Bitcoin in a key zone!
The price of Bitcoin is back below $80,000. The correction continues, and here is the technical situation of BTC:
👉 bearish price action since the top
👉 price below moving averages (EMA13/MA30)
👉 bearish momentum (stochastic)
If the selling pressure does not decrease and the 70.000$ s are lost, we could see Bitcoin at $53,000...
📊 But after this bearish phase, the price could bounce off the key level just above $70,000.
This technical support could provoke a reaction from the bulls!
The price of Bitcoin is back below $80,000. The correction continues, and here is the technical situation of BTC:
👉 bearish price action since the top
👉 price below moving averages (EMA13/MA30)
👉 bearish momentum (stochastic)
If the selling pressure does not decrease and the 70.000$ s are lost, we could see Bitcoin at $53,000...
📊 But after this bearish phase, the price could bounce off the key level just above $70,000.
This technical support could provoke a reaction from the bulls!