Over the past few weeks, the price of BTC has experienced a sharp decline, falling on a strong support zone. The bearish wave has been intense, causing many investors to worry about the future of the cryptocurrency market. However, recent developments have given hope to those who remain optimistic. The MACD is now showing a strong potential for a bullish wave, and the RSI is almost in the overselling area. Additionally, the descending slope of the price line has reduced, indicating that a potential bullish wave could be on the horizon. While the cryptocurrency market remains volatile, these positive signs suggest that there may be a rebound in the near future.
• There is a resistance level at 23200 followed by resistance at 24200 and 25130
• There is a support level at 22000. Below, there is 21650 and 21330.
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.
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