🙋🏻♂️ Hello to all members of TradingView and my followers.
✍🏻 Bitcoin fell sharply yesterday after stopping in the $ 31,500 range, and the support at the $ 30,500 range was broken down strongly, pushing the selling price of Bitcoin back to the $ 29,000 channel.
This selling pressure has been due to the sale of assets of some bitcoin miners.
The intensity of the price impact on this level of support did not indicate any sign of buyer support.
The support level in the range of $ 28,920 to $ 28,000 is still strong, but given the sharp downtrends, this support level is likely to break.
Given that the price is in a rectangular pattern in the daily time frame, in case of failure of the main support, the range of 25700 to 25000 dollars will be the next target of sellers.
The RSI (Relative Strength Index) is now well below the 40 level.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know.
Respectfully.🙏🏻
✍🏻 Bitcoin fell sharply yesterday after stopping in the $ 31,500 range, and the support at the $ 30,500 range was broken down strongly, pushing the selling price of Bitcoin back to the $ 29,000 channel.
This selling pressure has been due to the sale of assets of some bitcoin miners.
The intensity of the price impact on this level of support did not indicate any sign of buyer support.
The support level in the range of $ 28,920 to $ 28,000 is still strong, but given the sharp downtrends, this support level is likely to break.
Given that the price is in a rectangular pattern in the daily time frame, in case of failure of the main support, the range of 25700 to 25000 dollars will be the next target of sellers.
The RSI (Relative Strength Index) is now well below the 40 level.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know.
Respectfully.🙏🏻
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