As of today, the BTC price has reached a resistance level and seems to be struggling to ascend any further. Technical indicators like the RSI (Relative Strength Index) are showing negative divergence, which suggests that the momentum of the price is slowing down, and the trend may be reversing soon. Furthermore, the MACD (Moving Average Convergence Divergence) is showing a bearish phase, indicating that the price may continue to decline in the near future. With these technical indicators pointing towards a potential bearish trend, traders may want to exercise caution and closely monitor the market before making any trading decisions.
• There is a resistance level at 24870 followed by resistance at 25300 and 26500
• There is a support level at 22750. Below, there is 22000 and 21350.
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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