BITCOIN: CREATING NEW SUPPORT.

BTC Update: BTC broke below the $22.3k support level and the price went all the way down to $21.6k. We can see that BTC is creating new support at $21.6k and if BTC manages to hold this level, we can expect a bounce back from here.

On the other hand, if BTC breaks down below the current support, then $20.6k is expected. The RSI is under the oversold area and most likely BTC should bounce back.

Key points:

1. $21.6k support.
2. $20.6k possible drop if BTC breaks $21.6k.
3. Bounce back expected.

What's your view on the market? Do share your thoughts in the comments.

Thank you for reading. Trade safely.

تعليق:

BTC update:

BTC is still holding on to the support level of $21.6k. I still think that a bounce is possible only if BTC manages to hold the support level. If BTC drops down below $21.6k then we can expect a further drop up to $20.6k where we have another support level.

Key point:

* The $21.6k support level.

More updates coming up.

Trade safely.