📊TECHNICAL ANALYSIS - DAILY TIMEFRAME
A few time ago price fell to a 28800 resistance level, which coincided with the resistance zone, but at once bounced up and some time traded nearby. Later BTC continued to decline, broke the 28800 level, and made impulse down to the 25500 support level, which coincided with the support zone. Also then, the price started to trades in consolidation, where BTC not long time ago made rebounded from the support zone and made impulse up to the top part of this range. But a few time later, Bitcoin declined back and at the moment it continues to trades near the support zone. I expect that BTC can decline to the support level and then start to rise to the top part of consolidation again. For this case, I set up two targets, the first target at the 26600 and the second - at the 27900 levels.
📊QUICK FUNDAMENTAL LOOK
Bitcoin daily chart hints at a looming death cross. A drop below the $25,200 support might confirm a deeper price correction ahead for $BTC.
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