Technical Analysis October 12: BTC
After finding support at the 20-day exponential moving average ($27,227) over the past two days, Bitcoin broke below this level on October 11. This shows that bears are trying to gain control .
The next support to note on the downside is the 50-day simple moving average ($26,615). If this level is broken, it will show that traders are rushing to exit. The BTC/USDT pair could then decline to $26,000 and eventually retest the support at $24,800.
The next support to note on the downside is the 50-day simple moving average ($26,615). If this level is broken, it will show that traders are rushing to exit. The BTC/USDT pair could then decline to $26,000 and eventually retest the support at $24,800.
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