Today is a crucial day, in my opinion BTC should bounce after today. It is currently around a good support level which has been providing resistance and support in the past (see red line).
Trendline from top to where we are now has 3 touch points, at the moment it's still trading against that bearish trendline. It has broken that trendline a few days during this whole bearish market.
The upward trendline from the lower lows has 3 touchpoints as well. Meeting up with the trendline from the lower highs makes this a crucial point for BTC.
The RSI levels are reaching an oversold level and Sotch RSI is almost ready for a cross.
To me the combination of both RSI, Stoch RSI and the support levels we see around this pricepoint make me think BTC will move up in the next few days.
Trendline from top to where we are now has 3 touch points, at the moment it's still trading against that bearish trendline. It has broken that trendline a few days during this whole bearish market.
The upward trendline from the lower lows has 3 touchpoints as well. Meeting up with the trendline from the lower highs makes this a crucial point for BTC.
The RSI levels are reaching an oversold level and Sotch RSI is almost ready for a cross.
To me the combination of both RSI, Stoch RSI and the support levels we see around this pricepoint make me think BTC will move up in the next few days.
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