BTC has been rejected from the MA 200 after reclaiming horizontal support. Currently, it is attempting to maintain a position above this support level. The RSI indicates oversold conditions.
A bullish confirmation would occur with a break above the MA 200, whereas a sustained breakdown below the horizontal support would signal bearishness.
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#BTC/USDT ANALYSIS
BTC has been rejected from the MA 200 after reclaiming horizontal support. Currently, it is attempting to maintain a position above this support level. The RSI indicates oversold conditions.
A bullish confirmation would occur with a break above the MA 200, whereas a sustained breakdown below the horizontal support would signal bearishness.
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