BTC Update: Warning Already Given!
We can see the bearish move on BTC. The price is currently at $56.7k and is likely to go further down according to our analysis.
The RSI still has some room to reach the oversold zone, indicating the continuation of the bearish trend.
Once the drop occurs, the support level between $50.6k and $52.5k must hold strong. A close below this range could be devastating for BTC.
Regarding a bullish move, only a miraculous inflow of funds could pump the price from the current market price (CMP). Otherwise, according to the analysis, BTC remains bearish on the higher timeframe.
Be cautious and do thorough research before investing.
Regards,
Team Dexter
