Based on the chart, Bitcoin touched the support line at $7400-7500.
Further, RSI shows that Bitcoin entered in the oversold territory.
If Bitcoin perfectly holds the support, we will see a bounce to $8800 level.
However, if BTC breaks the support line, we will now retest the $6000-5000 level.
Just don’t forget to always set your stop loss.
Hit like and follow me for more updates.
Happy Trading!
Please do your own charting and research.
Further, RSI shows that Bitcoin entered in the oversold territory.
If Bitcoin perfectly holds the support, we will see a bounce to $8800 level.
However, if BTC breaks the support line, we will now retest the $6000-5000 level.
Just don’t forget to always set your stop loss.
Hit like and follow me for more updates.
Happy Trading!
Please do your own charting and research.