#BTCUSD short term move to $42000
#Bitcoin sellers are on the move as they attack $46,500, down 1.30% intraday, during early Friday. while keeping the previous day’s break of an ascending trend line at $46000.
Considering the absence of oversold RSI, coupled with the trend line breakdown, BTC/USD is ready for further downside towards the January month high around $41,990.
However, any further weakness by the quote will be tamed by the 50-day SMA level of $40,923 and the $40,000 threshold.
Considering the absence of oversold RSI, coupled with the trend line breakdown, BTC/USD is ready for further downside towards the January month high around $41,990.
However, any further weakness by the quote will be tamed by the 50-day SMA level of $40,923 and the $40,000 threshold.