Bitcoin is currently trading below the $39,000 mark and is still looking bearish on the lower timeframes.
As soon as the price broke below the trendline support, it was a bearish indicator and the break of support at $39,600 was almost confirmed.
We can also see that right now the price has found some support around the $38,800 mark. It would be interesting to see whether BTC will bounce back from here or if further sell-off is on the cards.
As soon as the price broke below the trendline support, it was a bearish indicator and the break of support at $39,600 was almost confirmed.
We can also see that right now the price has found some support around the $38,800 mark. It would be interesting to see whether BTC will bounce back from here or if further sell-off is on the cards.