FX.co ★ teagan.orn | #Bitcoin chart analysis
#Bitcoin chart analysis
On the 30-minute timeframe for Bitcoin, the following technical picture is observed. The price has broken through the horizontal support line at 67,426 and settled below this level, confirming the sellers' advantage. Currently, the price continues to move south. I expect a decline to the next support level at 65,423. Near this level, a short-term profit-taking and a local rebound are possible, and if there is a breakthrough and consolidation below, further continuation of the downtrend is expected.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade