(12/17, Sat) btc fell -4.2% with the rsi falling below 30 in two days

in btc •  2 years ago 

Yesterday(12/16 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $17351, its lowest as $16517, its highest as $17522, its closing as $16618. Bitcoin moved sideways after Friday's start, then rose, reaching a peak at 07:45 and then descending in a cascading pattern, reaching a low at 23:00 and ending -4.2% down.

Looking at the 4hr chart, Bitcoin, which was above rsi 80 two days ago, fell below rsi 30 in two days, which seems that the sentiment gets weak. On the daily chart, as the trading volume increased and the btc fell below $17k in almost two weeks, and if it does not rebound above $17k in a few days, even $15k might be considered.

In the crypto market, there are bad rumors about Binance, which is likely to be investigated by the SEC next to FTX, and there is also news that the accounting firm that was in charge of Binance's accounting is cutting off business with Binance. If there is a problem with Binance like FTX, there may be a shock enough to worry about the collapse of the crypto market.

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  ·  2 years ago  ·  

Bitcoin falls everything else falls.