Bitcoin is in a very red market this week, and we’re looking for the downside to continue further, below the $40,000 mark.
Technically the coin is holding below the 50% fibo level resistance. The RSI is also now trading at bearish levels, as is the MACD. Price is also capped below the resistance trendline.
Downside Target: 37,500
Violated Above: 53,300
Technically the coin is holding below the 50% fibo level resistance. The RSI is also now trading at bearish levels, as is the MACD. Price is also capped below the resistance trendline.
Downside Target: 37,500
Violated Above: 53,300