AFINE

BTC/USD - D1

BITFINEX:BTCUSD   Bitcoin
In BTC/USD the asset searches for a recovery, but the technical indicators expose to us the weakness of this attempted. The asset is below, the 20 and 200 moving averages. In the U$ 12.000,00 level price, we have a double top. Hardly the investors are going to face up this indicator of a bearish move, with the Bitcoin close to breaking the macro tendency on 61% of Fibonacci. The unique buy zone right now is the Up trendline showed in blue, but with all these indicators of bearish power, this line is gonna fail soon, as a support.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.