On the 1D chart, Bitcoin is below the trend line and large volume according to VPVR. RSI has not crossed the oversold area yet which might indicate the decline to $7,200. Moreover, yesterday price drop has switched MACD to the bearish trend.
Summing up, Bitcoin is unlikely to show a trend change soon. The price might show a revival, followed by a further drop.
Summing up, Bitcoin is unlikely to show a trend change soon. The price might show a revival, followed by a further drop.
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