#BTC/USDT With or without a pullback to 20k, #BTC will decline
It dropped near the June lows of $17.5K and this support level held again, with big volume
Flow.
The price is trying to break back above $20K, but so far it has been stuck there
A zone of resistance. Create a price alert.
Across all time horizons (Short, Medium, and Long-Term), the trend is down.
Mixed momentum with MACD Line above MACD Signal Line (Bullish) and RSI ~ 50 (Neutral).
Momentum appears to be waning based on the declining MACD Histogram bars.
As OBV (On Balance Volume) declines, it indicates that volume on Up days is lower than on Down days
Down days. Hence, demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is $17.5K. The nearest Resistance Zone is $20.0K
(previous support), then $25.0K â€" $26.0K, and $29.0K â€"$31.0K.
Flow.
The price is trying to break back above $20K, but so far it has been stuck there
A zone of resistance. Create a price alert.
Across all time horizons (Short, Medium, and Long-Term), the trend is down.
Mixed momentum with MACD Line above MACD Signal Line (Bullish) and RSI ~ 50 (Neutral).
Momentum appears to be waning based on the declining MACD Histogram bars.
As OBV (On Balance Volume) declines, it indicates that volume on Up days is lower than on Down days
Down days. Hence, demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is $17.5K. The nearest Resistance Zone is $20.0K
(previous support), then $25.0K â€" $26.0K, and $29.0K â€"$31.0K.
Trade closed: target reached
This idea is still valid.