Levels to watch on the upside: $4,500 and $5,000. (Around 5,8 used to be a crucial support for BTC during the year, just a reminder of "good old times")
On the downside: $3236.09. A break will resume the downtrend.
The main trend still remains down. However, the flattening 20-day EMA and the RSI in the neutral territory show that the short-term trend is changing. The next leg down will give us a better idea of whether a bottom is in place, or if this is just a relief rally.
On the downside: $3236.09. A break will resume the downtrend.
The main trend still remains down. However, the flattening 20-day EMA and the RSI in the neutral territory show that the short-term trend is changing. The next leg down will give us a better idea of whether a bottom is in place, or if this is just a relief rally.