After being without insignificant action for quite some time, BTC showed some signs towards a potential downside. The price level faced a negative crossover against EMA-200 after it was unable to maintain sustainability above it.
The price level also went below the 0.236 FIB level and a breakdown below the crucial mark of $26K can be major bearish indicator.
The RSI level is also residing in the oversold region. This may indicate of a bounceback. Overall, the support levels can be placed at $26K and $24K. On the contrary, resistance levels can be placed at $28K and $30K, respectively.
The price level also went below the 0.236 FIB level and a breakdown below the crucial mark of $26K can be major bearish indicator.
The RSI level is also residing in the oversold region. This may indicate of a bounceback. Overall, the support levels can be placed at $26K and $24K. On the contrary, resistance levels can be placed at $28K and $30K, respectively.