$BTC Bitcoin ANALYSIS
$BTC From the image for 1 day, it can be seen that bitcoin is currently in a bearish graph
seen from the RSI indicator scheme, it shows the RSI at 47.98
This means the market is neutral but will continue to fall, why?
because the RSI indicator shows the impact of investors selling their assets.
and if this happens below RSI 60, it means that it will have a negative impact on bitcoin this week.
Now the price has touched $96,000
This means that there will be a sharper decline because bitcoin has now penetrated the support area
Because yesterday there was a rejection at a price of $102,000, which means there was a rejection / can be called a classic reversal pattern. and this is likely to be bad, it will touch the price of $92,000 again
and touch 84K again
if there is a support meeting at 84K
it will have an impact on investors who can be said that market bearishment will occur at this time.
and this will also have an impact on Altcoin which of course we have seen Altcoin currently tends to follow the bitcoin trend.
investors will also withdraw funds to find support areas again
thank you
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