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BTC/USDT ~ Weekly Overview
After being without insignificant action for quite some time, BTC showed some signs towards a potential downside. The price level faced a negative crossover against EMA-200 after it was unable to maintain sustainability above it.
The price level also went below the 0.236 FIB level and a breakdown below the crucial mark of 26K can be major bearish indicator.
The RSI level is also residing in the oversold region. This may indicate of a bounceback. Overall, the support levels can be placed at 26K and 24K. On the contrary, resistance levels can be placed at 28K and 30K, respectively.
The price level also went below the 0.236 FIB level and a breakdown below the crucial mark of 26K can be major bearish indicator.
The RSI level is also residing in the oversold region. This may indicate of a bounceback. Overall, the support levels can be placed at 26K and 24K. On the contrary, resistance levels can be placed at 28K and 30K, respectively.
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