Analyzing the graph of the BTC/USD pair in one-day time, we can see how the BTC after multiple recovery attempts has entered a lateralization area in the $ 3700 $ 4200, a behavior similar to the one we saw before the sharp drop from the $6400.
as 2104 of the downward trend, looking for a support in the $ 2450 which was the support that many analysts were waiting for. On the other hand, the RSI remains well below 50% which gives us a bearish signal. Finally, the purchase volume has decreased again, which does not allow BTC to enter into a favorable trend.
as 2104 of the downward trend, looking for a support in the $ 2450 which was the support that many analysts were waiting for. On the other hand, the RSI remains well below 50% which gives us a bearish signal. Finally, the purchase volume has decreased again, which does not allow BTC to enter into a favorable trend.
