BTC Daily Chart Review

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello Traders,

BTC has not been able to get off the downturn yet. Let's briefly look at the daily chart we have drawn.

It is possible for us to see that the candles have a downward closing, depending on which trend lines we have shown with the red lines have narrowed. This led to a new green line coming to us. For now, the green line turns out to be a support. The support we get from here is important because if the green hattan does not get enough support, the $ 6,000 levels may come back.

Again, when we examine the MA and MACD movements, it is possible to see that BTC has not yet completed the downward trend. Let's follow the green line carefully for now.

The technical information I have received is for educational purposes only.


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