Technical analysis of BTC/USD 11/19/2021

Bitcoin is showing a downward correction on the (1D) chart. The price has broken the 59,000 support (23.6% Fib) and is currently in the 57,000 area. Continuation of the correction with the nearest target in the area of 53,000 (38.2% Fib). Divergence on the RSI indicator contributes to the continuation of the decline. Cancellation of the development of the correction will be the growth above the maximum of 68,900.

BTCUSDDaily

Created by Joshua Hayn

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