More Losses In BTC?
If Bitcoin fails to clear the $26,000 resistance, it could continue to move down. Immediate support on the downside is near the $25,350 level.
MORE LOSSES IN $BTC ??
The next major support is near the $25,000 level. A downside break below the $25,000 level might send the price further lower. In the stated case, the price could drop toward $24,500.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $25,350, followed by $25,000. #signal #Futures #BearMarket #Bitcoin
Major Resistance Levels – $25,650, $26,000, and $26,200.