Is Bitcoin transferring additional right down to the 16,000$ level? – Analytics & Forecasts – 3 July 2022

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Technical evaluation with assist of the MasterPoint indicator: 

https://www.mql5.com/en/market/product/82393?supply=Unknown

Bitcoin lately broke the $20,000 mark to $18,000 after which examined the 20,000-21,000 resistance stage. The resistance was sturdy sufficient to stop the value from rising above it. Now the value is again to $18,600 and there’s a debate amongst merchants if the value will go even decrease to the $16,000 ranges.

To begin with, for the primary time in a very long time the value broke the month-to-month MA with a powerful bearish candle, nonetheless, many oscillators, such because the RSI, present that we’re already within the oversold zone. So going bellow the $10,000 mark within the quick phrases is extremely unlikely. 

For the reason that stage 20,000 was rejected, the value is prone to vary between 18,000 and 10,000. Except there are sturdy elementary information, shorting BTC till $15,000 isn’t unhealthy thought. 

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