$BTC Technical Analysis Long term 👇

BTC

67,710.01

-1.06%

Long term

Bitcoin has broken through the floor of a rising trend channel in the long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency has broken down through support at points 74000. This predicts a further decline. In case of positive reactions, there will now be resistance at points 74000. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The currency is overall assessed as technically negative for the long term.

Recommendation one to six quarters: Negative (Score: -74)