Bitcoin has builded a floor on 46,000 with its side move. But it should be noted in the weekly time frame that the MA200 has made a support floor and has been touched several times by the price, and considering the level it is at now, if the price wants to touch it, should go down to 19,000. In this case, two trend lines (one on the chart around the 40,000 and the other on the RSI) will be broken.
That's what I'm thinking too, but it may even fall lower, like to 15-14k. Why do I think so? Explanation is in my last idea. Wonder do you agree on that. Cheers!
suvny21
⋅
19k 😂
drmikecrypto
⋅
@santana2331, Hello there, it is 19k. ;)
zAngus
⋅
Its been running sideways now for a month. Will be interesting to see which way it breaks.