BTC was rejected down by the pink ma20 3x last few weeks. This week it was rejected by the green ma50 & was sent down below the 40k strong support intra=week. Stochastic RSI turning down again. a small oversold bounce is expected soon. Bears may be trying to sell it down to the 35-36k zone near ma100 where buyers will buy it up again to 40k or to the 29-31k zone near ma200,a very strong demand zone & also a double bottom. However, Btc would be bullish if it reclaims the ma50 & ma20. pls do own analysis & share.
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Pls note that in the daily chart, ema50 crossed down ema100 & also ema200 (Death Cross). Btc now displaying an indecision candle in the weekly chart..so may go bothways...with downside bias.
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