Bitcoin is looking very bearish at the moment.
It bounced off of the downward trend line, which coincided with the 50-day MA and $12k resistance zone. It has now crashed through the 200-day MA again and it did not build up strong support levels on the move up to $20k
RSI is not oversold yet so I think it has quite a long way to go down...
It bounced off of the downward trend line, which coincided with the 50-day MA and $12k resistance zone. It has now crashed through the 200-day MA again and it did not build up strong support levels on the move up to $20k
RSI is not oversold yet so I think it has quite a long way to go down...