BTC/USD 1 DAY ANALYSIS

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In a higher timeframe, BTC is making this ascending triangle pattern now it is lying on the support of 48.8k level.

First scenario: In this scenario, we have a higher chance that BTC can Bounce from here up to 45k how the market reacts in a few hours.

Second scenario: If BTC breaks this 48.8k level and the downer support level of this ascending Triangle then it might very bearish.

RSI has entered into the oversold region. A sustained breakdown is a bearish sign for the market while a bounce from here will be a bullish sign.
Let's see how the market reacts a few hours.

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