Hello folks, things went crazy with BTC and other altcoins recently. Here's a quick analysis of BTC in a daily timeframe.
The yellow-dotted resistance was spot on and we saw how clearly the price got rejected from the resistance level. BTC is currently trying to hold 16.7k where we may have a little support. This may turn out to be a strong one but doubtful. With the RSI still having more room to dip, I expect BTC at 15.1k and a bounce back.
What do you have to say about the recent BTC drop? Do share your views.