Bitcoin Price Analysis

The price of Bitcoin has dropped by almost 8% in the past week.
Currently, the price is at support level of $21,600. On a daily chart, the price has closed below 50-EMA and 200-EMA .
If price falls from the current level, the next target price of BTC is $20880 with stop loss at $21900.

Other Technical Indicators:
RSI < 50 ( indicating bearish momentum)
MACD < 0 ( indicating beraish momentum)
Supertrend has given sell signal



Note: Studies are for educational purposes only.
We will not be responsible for any kind of your Profits & Losses.
Please trade with proper risk management strategy to avoid huge capital loss.