Post
Topic
Board Trading Discussion
Re: Bitcoin Chart - Is Bitcoin About to Break Down?
by
Ratimov
on 05/06/2021, 18:41:30 UTC
The first support is around 28800 which is the 50 week MA.
I am unable to post images directly within the post. Sorry.

Of course, the market is now bearish. Some negative news about prohibitions and restrictions constantly appears. Public people are forecasting a decline. Also, the down trend continues now, strong resistance at 40 000.

But if you look at the 1D chart, I don't see any support at the 28 000 mark.



Strong support is at 30800. If we break it, the next strong support is at 23 000.