BTC in the daily timeframe is facing rejection at around $51k bringing the price back down to $49K. This show a sign of weakness in BTC as the market is in fear.
We are holding strong at around $48k and we might consolidate at around $48k to $51k. We may see BTC to touch the support of the downtrend resistance at $43k in the short term to test its previous support.
BTC must hold the support of downtrend channel or we will see a pullback at $37k.
MACD signal line in daily timeframe are still not showing any reversal as BTC face rejection at $51k.
We are holding strong at around $48k and we might consolidate at around $48k to $51k. We may see BTC to touch the support of the downtrend resistance at $43k in the short term to test its previous support.
BTC must hold the support of downtrend channel or we will see a pullback at $37k.
MACD signal line in daily timeframe are still not showing any reversal as BTC face rejection at $51k.