#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.
