#BTC After previous post check $BTC chart moving upward but it make resistance from where two time market reject but overall trend is #bullish if it #break this level #Move #UpwardTrend otherwise down
The price is in a downward trend, with consistent declines as we see the 20-period (red line) and 50-period (blue line) moving averages showing a clear downtrend.
The most recent price action shows a price of 109,579.0 USDT $BTC after a significant drop.
Moving Averages:
The 20-period EMA (red line) is below the 50-period EMA (blue line), which is generally a bearish signal, suggesting that the downward momentum is likely to continue.
The price is trading below both moving averages, which confirms a bearish trend.