Technical Outlook Of The Further Movement Of Bitcoin
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Technical analysis:
BTC/USD has been downside this morning and i found the rejection of the key Fibonacci cluster resistance at the price of $23.900.
Due to the rejection of the key Fibonacci resistance in the background and and fresh bear cross on the oscillators, I see potential for the further downside movement.
Downside structural objectives are set at $22.500 and $21.550
Both MACD and Stochastic oscillators are showing fresh bear cross, which is another sign for the further downside movement.
Key resistance zone is set at $23.900
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