Did Bitcoin fail to break resistance 59000 and return to 55000
Bitcoin analysis
Bitcoin tried to break resistance at 59,000 and failed to break it until now , there is a possibility to return to support levels of 55,000, Bitcoin must trade above 57,000 to stay in the rising channel .
RSI indicator signals support downtrend to 55000 , if this support break we will see 50,000 as next level . Also 50 moving average see the same think .
General trend: bearish
Be carful Bitcoin buyers ✌️
- this is for educational purpose and not considering financial advice.
Bitcoin tried to break resistance at 59,000 and failed to break it until now , there is a possibility to return to support levels of 55,000, Bitcoin must trade above 57,000 to stay in the rising channel .
RSI indicator signals support downtrend to 55000 , if this support break we will see 50,000 as next level . Also 50 moving average see the same think .
General trend: bearish
Be carful Bitcoin buyers ✌️
- this is for educational purpose and not considering financial advice.