Hello traders, here's a quick update on BTC.
What a horrible situation for BTC and other altcoins. The dip keeps on dipping breaking all the support levels. In my tradingview account, I posted an update regarding BTC. There I mentioned the strong support at $29.3k and $28k could be the next support if it breaks down below $29.3k. Soon after the post, BTC broke down below $29.3k and is currently holding support at $28.5k dropping exactly up to $28085.
This is it, if BTC fails to hold this support then $26.8k could be the next support range. A bounce on the other hand can push the price back to $30.7k. The RSI is at the oversold range and it must bounce back.
What a horrible situation for BTC and other altcoins. The dip keeps on dipping breaking all the support levels. In my tradingview account, I posted an update regarding BTC. There I mentioned the strong support at $29.3k and $28k could be the next support if it breaks down below $29.3k. Soon after the post, BTC broke down below $29.3k and is currently holding support at $28.5k dropping exactly up to $28085.
This is it, if BTC fails to hold this support then $26.8k could be the next support range. A bounce on the other hand can push the price back to $30.7k. The RSI is at the oversold range and it must bounce back.
