The ( ), consisting of 20 & 50, acts as solid support in the coin’s price. 20 is very close to both the intersecting below the EMA-50 line, indicating the beginning of momentum. Investors may perceive the price is also below the . So until the price remains below both , it will ensure Bitcoin’s negative momentum.
The indicator ( ) with the value of 39. 40 indicates a sell signal in the coin, and the line is going down from 55 to 39 on intraday session considered to be under selling pressure. It may plunge in short-term trading sessions.
The of (14.74K) showcases below the MA (8.75K) of 20-days. The investors in Bitcoin are booking profits in the order book, which results in the fall of BTC . Investors may also observe constant in the chart, indicating minor signs of recovery.