$BTC
Real-time analysis of currency $BTC
The price of Bitcoin (BTCUSD) has experienced a sharp decline during its recent intraday trading, breaking the main upward trend line in the short term, indicating a clear weakness in upward momentum and a possible change in the direction of the next movement. This decline occurred alongside a break of the support of the 50-period simple moving average, further adding negativity to the technical picture and increasing the chances of continued selling pressure.
In addition, negative signals are emerging from the relative strength indicators, despite their stabilization in areas of excessive selling saturation, which suggests that the decline may not have reached its end yet.
Real-time analysis of currency $BTC
The price of Bitcoin (BTCUSD) has experienced a sharp decline during its recent intraday trading, breaking the main upward trend line in the short term, indicating a clear weakness in upward momentum and a possible change in the direction of the next movement. This decline occurred alongside a break of the support of the 50-period simple moving average, further adding negativity to the technical picture and increasing the chances of continued selling pressure.
In addition, negative signals are emerging from the relative strength indicators, despite their stabilization in areas of excessive selling saturation, which suggests that the decline may not have reached its end yet.
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FET
0.674
-1.17%
