The post What Is Happening With Bitcoin Right Now? appeared first on Coinpedia Fintech News
Since Bitcoin crossed over $92k at the end of November, the price has touched this level multiple times. Some take it as a market warning about an upcoming btc fall while others believe it to be cementing its support here. Market sentiments are fearful but investors see it as an opportunity. What is happening with bitcoin right now? Let’s try to uncover.
The Bitcoin Charts
Bitcoin has been receiving good support at $92,300 level. We can see BTC making lower highs. Also, a trend line can be found passing through the lows. On Monday, the price fell below $90k for the first time since November 18. RSI was playing along with the price for a long time, however it caught a diversion. When the price made a lower high around $102k during 6-7 January, the RSI made a higher high against it. The relative strength indicator was also pointing towards oversold.
Source : Tradingview
Assets nee
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