The price of Bitcoin has dropped by almost 8% in the past week. Currently, the price is at support level of $21,600. On a daily chart, the price has closed below 50-EMA and 200-EMA . If price falls from the current level, the next target price of BTC is $20880 with stop loss at $21900.
Other Technical Indicators: RSI < 50 ( indicating bearish momentum) MACD < 0 ( indicating beraish momentum) Supertrend has given sell signal
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