BITCOIN HOLDING THE SUPPORT. BOUNCE EXPECTED.
Welcome to this important update on bitcoin.
In the last 48 hours, BTC dropped almost 10% from the resistance shown in the chart. The market may look bearish but we still have a little hope in the current lower support trendline. We can expect a bounce from here but a drop could be worse. RSI is indicating an oversold scenario and paving the way towards a bounce.
If you are holding any position then wait for a while. Exit only if BTC breaks below 37k. This is my suggestion as per the market scenario and not financial advice.
Let me know what you think about the market.
Like and follow for more updates.
Thank you and trade safely.
In the last 48 hours, BTC dropped almost 10% from the resistance shown in the chart. The market may look bearish but we still have a little hope in the current lower support trendline. We can expect a bounce from here but a drop could be worse. RSI is indicating an oversold scenario and paving the way towards a bounce.
If you are holding any position then wait for a while. Exit only if BTC breaks below 37k. This is my suggestion as per the market scenario and not financial advice.
Let me know what you think about the market.
Like and follow for more updates.
Thank you and trade safely.
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