<Indicators of the day>
- Movement below the Bollinger Average.
- Long bearish shadow on yesterday's candle (consider negative international events).
- MACD Moving Average below the bearish one (but in bullish zone).
- Bearish MACD bars.
+ Lower volume than previous one (16Hrs)
+ RSI remains in the oversold zone of influence.
The movement of the last few days shows a lateral change that is settling into the bearish zone, still close to the Bollinger Moving Average (106k).
To resume an upward trend, the following aspects are observed:
- Natural resistance at the Bollinger Moving Average (106k)
- Virtual resistance in the upper bearish diagonal.
- Bollinger resistance at its bullish Moving Average (110k).
- Resistance #BTC at its last maximum (111k+)
<Indicators of the week>
- Bearish movement that left the bullish trend zone.
- Larger volume than the previous one.
+ RSI in natural zone with bullish signal.
+ MACD in bullish zone but shows change of direction and decreasing bars with reversal signal.
We have a bullish shadow in this week's movement, it seems to show signs that it is seeking stability in the current support zone (104k), although it is still under downward pressure.
In conclusion, Bitcoin continues to have a greater number of factors pushing it down, but there are some elements that suggest it has the capacity to continue accumulating strength.
