Bitcoin Daily Chart Analysis and VRVP levels.

٦ سبتمبر ٢٠٢٢

The Daily chart of Bitcoin clearly shows us that we are in a downtrend. Because the price action shows us that we are still below the EMA(200), EMA(50), and the Point of Control. Actually, the price was pumped at the daily close. Despite all this price action, yesterday's candle was closed RED. We will analyze this price action better in the 1 Hourly chart.

Below you can see the VRVP levels daily.

Point of Control: 21,216
Value Area High: 43,203
Value Area Low: 17,605

Please note that the volume of the daily candles has been declining