$BTC
Trade setup:
After breaking below 200 SMA, price is in a Downtrend. It's trading in a Channel Down pattern, which typically resolves in a bullish breakout and a trend reversal.
In the meantime, price is again approaching $94,000 resistance where it got rejected recently. If it breaks above that and out of Channel Down pattern, it could revisit $100K next. (set a price alert)
Trend: $BTC
BTC
89,995.1
-2.51%
Short-term trend is Neutral, Medium-term trend is Strong Down, Long-term trend is Strong Down.
Momentum:
Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance:
Nearest Support Zone is $88,000.00, then $82,000.00.
Nearest Resistance Zone is $94,000.00, then $100,000.00.