Analysis: If Bitcoin falls below the $83,000 support level, it may fall further to $75,000

西岸风

数字货币大师

04-16 20:30

On April 16, CoinDesk analyst Omkar Godbole said that all this is a reminder for bulls to be cautious in the context of the continuous downward trend of the 50-day and 100-day simple moving averages (SMA). If the price falls below the hourly chart support level of $83,000, the development of the bearish trend will be confirmed, which may trigger a retracement with the target pointing to the recent low of about $75,000.

At the same time, if the daily line (UTC) closes above $86,000, it may mean the continuation of the rebound.

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