Currently bitcoin is on a sideway in the daily time frame. but if we look at the weekly timeframe bitcoin is making a deline.
As seen in the chart, the price has the potential to drop to 11K .But what's interesting from the chart above is that the AO oscillator indicator shows a divergence, which is a signal for a reversal.And I have my own estimates that the price will touch 11k first.
If the demand area above manages to hold the price, the price will pull back.But if the price is successfully penetrated, the price will continue to decline in search of further demand
As seen in the chart, the price has the potential to drop to 11K .But what's interesting from the chart above is that the AO oscillator indicator shows a divergence, which is a signal for a reversal.And I have my own estimates that the price will touch 11k first.
If the demand area above manages to hold the price, the price will pull back.But if the price is successfully penetrated, the price will continue to decline in search of further demand