Hi friends! Welcome to this update analysis on Bitcoin! Looking at the daily chart, you can see that the previous analysis remains valid. BTC is continuing to fall toward the bottom of the triangle, which should come up around $6,800 or so, depending on when it gets there. The 50 and 200 EMAs have printed a death cross, and the MACD has broken down below the zero line, which is a technical sell signal. Price is currently pushing below a mild support zone (in pink,) as it moves closer toward the bottom of the triangle. There is a slight possibility that we could find some support here, since it is a support zone that has held in the past. However, if we push through it, the bottom of the triangle could be supportive one more time, as indicated by the arrows on my chart. I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
i hope yall are doing the opposite of him this time bitches lol
Broom
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This thing will never go below 5.8k, ever.
netrin
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There's no way it's going lower than 7.2k.
julio24albert
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@netrin, don't be so ridiculous, BTC will head to USD 3000 soon
BradTrimas
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@julio24albert, How... you said this last time to 4k and it never fell below 6600.. Why do people post such crap. I see BTC staying inside the 7200-9400 channel