$BTC From yesterday to today, was it a sharp decline or a sign of more drops?

Whether due to the bombardment of Israel in Iran or not, the fact is that the market as a whole reacted, volatility with strong selling pressure increased and BTC plummeted in the last 24 hours, falling from 108,398.4 to 102,614.0 USDT.

At the moment, the arrangement of these moving averages suggests that the price is below the short, medium, and long-term averages — typical of a downward trend.

The RSI(6) is at 53.3, still indicating a neutral zone, but don't be fooled; if the BTC price moves below 50, it may confirm weakness in the asset.

It's best to monitor the behavior in the next candles and see if the support close to 102 thousand holds; otherwise, the price may plummet even further.

Have a great Friday everyone!