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Cryptolover333
Jul 7, 2021 10:11 PM

Daily Chart updateΒ 

Bitcoin / United States DollarCoinbase

Description

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We could make support in the purple line in case of a break to the downside, just an update.
Comments
white_crow
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\At the moment Bitcoin moves aligns closely with daily hash rate - quite possible when hash rate is restored to previous heights so will Bitcoin price
Cryptolover333
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@white_crow, thanks for commenting thisπŸ˜€
white_crow
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@Cryptolover333, stating the obvious huh? 😁
Cryptolover333
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@white_crow, I believe we are in the way to hit the bottom of the descending triangle but for now we are making support in the daily RSI. Keep an eye on that.
white_crow
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@Cryptolover333, Its exactly where my buy is set, it correlates with lower Bollinger band on daily as well.
I see a possibility of going another 15-20% lower to around 25k though as there is steeper descending triangle when you connect lowest green wick with 3rd on the left
Cryptolover333
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@white_crow, yes I agree, we could even go lower.
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