Bitcoin may fall 1720 - 2550 pips
The RSI is below 50.
The MACD is negative and below its signal line.
The configuration is negative.
Moreover, the price stands below its 20 and 50 period moving average (respectively at 48256 and 49070).
Our preference: The downside prevails as long as 48760 is resistance.
Alternative scenario: Above 48760, look for 50170 and 51020.
The MACD is negative and below its signal line.
The configuration is negative.
Moreover, the price stands below its 20 and 50 period moving average (respectively at 48256 and 49070).
Our preference: The downside prevails as long as 48760 is resistance.
Alternative scenario: Above 48760, look for 50170 and 51020.
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