Bitcoin chart suggestion that sell-off isn't finish , after BTC ranging sideways we had our range breakout that caused a massive liquidation over 1$ billion due to several factors naming by Chinese market and Spacex news.
Interesting support level set on 24900$ , suggesting for me that buyers will try to defend the zone and will try to claim up based on the strength ( Demand ) reaching the 20-day exponential moving average (EMA) of 28,700$. , If the buyers managed to but the dip then it confirms the demand on higher level if not then support level will break in and take the price below 24900$ till support level 20,000$ ( philological level ).
The oversold level on stochastic oscillator suggests that the BTC/USDT pair may witness a pullback or a consolidation in the near term.
Interesting support level set on 24900$ , suggesting for me that buyers will try to defend the zone and will try to claim up based on the strength ( Demand ) reaching the 20-day exponential moving average (EMA) of 28,700$. , If the buyers managed to but the dip then it confirms the demand on higher level if not then support level will break in and take the price below 24900$ till support level 20,000$ ( philological level ).
The oversold level on stochastic oscillator suggests that the BTC/USDT pair may witness a pullback or a consolidation in the near term.