#bitcoin Technical Analysis;

Moving Averages;

The short-term moving averages are close to each other and are just above the current price. This indicates that the price is below the moving averages and that there is a short-term bearish trend.

RSI;

The value is below 30, which indicates that the asset is in the oversold territory and there may be a potential reversal signal.

MACD;

MACD: -7.91 (Negative)

DEA: -4.36

DIF: -12.28

The MACD line is in the negative territory, which confirms the downtrend. However, the difference between the lines has decreased, which may be a possible rally signal.

Stochastic RSI;

Stoch RSI: 28.07 (Low level)

This indicator indicates that the asset is in the oversold territory. There is a potential recovery or correction possibility.

It continues to continue the downtrend that started at the price of #btc 65k. $BTC 56.5k and $BTC 54.5k have important supports. These are suitable levels to make 1st level purchases to buy bitcoin long or spot coins you target.

Good earnings to everyone.

#LowestCPI2021 #BinanceBlockchainWeek