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20.07.2023 Günlük Bitcoin Analysis!


BTC weakened significantly after the rejection of the 21-day simple moving average (SMA).
Located at $30,400, this SMA provided the daily high for Bitcoin and the market then completely erased its intraday gains.
The rejection of the price from here has now caused its direction to be forced down.
At the time of writing, Bitcoin is trading at $29,750.
If the decline continues, Bitcoin price could set a new low between $28,500 and $28,800. For that, we should see closes below $29,700.
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