As on 22nd of September 2022, we could clearly see bitcoin IS hovering around its support levels of 18,000.
But still it’s below the daily PIVOT and its downtrend is supported by a strong surge in dollar demand. It’s bound that bitcoin may take a hit if the primary support of 18,000 is broken.
Based on technical indicators, RSI stands at 40.42 levels, which clearly states that the strength in the trend is yet to be confirmed.
But still it’s below the daily PIVOT and its downtrend is supported by a strong surge in dollar demand. It’s bound that bitcoin may take a hit if the primary support of 18,000 is broken.
Based on technical indicators, RSI stands at 40.42 levels, which clearly states that the strength in the trend is yet to be confirmed.