Bitcoin Re-Testing 200sma Support

28 dic 2021

Bitcoin has fallen back below the 50k level after price failed to advance above the purple 34ema for 5 consecutive days. Price is now testing the red 200sma again while also falling back into the purple downtrend channel. First level of support to watch for is near 40k(yellow), secondary support comes in near 30k(yellow). Lower indicators all pointing to more downside ahead for price in the short and medium-term.