A breakout makes the price very bearish

Bitcoin (BTC) It’s down 3% in the past 24 hours and up 1% since midnight. The current price at the time of writing is $21,200 on the cryptocurrency exchange Queen Piece and 21,125 euros on the Dutch stock exchange bitvavo. Trading volume increased by 15% in the last 24 hours. The total market capitalization of Bitcoin at the time of writing is $406 billion and the dominance of Bitcoin is 39.7%.

Bitcoin news from yesterday

Bitcoin price is once again very bearish

The Bitcoin price visibly collapsed. As we have shown in previous analyzes, there are two distinct strong support lines for bitcoin. The first is short-term trend lines wedge height (white solid line) and the uptrend trend lines (dashed white line). Both trendlines are broken and this is making the price bad again bearish. no High High, Low High The pattern if the uptrend is no longer valid. The first level at which the price can be determined is $20,700. So this will be the level that we will be watching to see how BTC reacts to this.

Today’s featured crypto analysis: MATIC

For polygon (MATIC), the analysts at discord society Crypto Insiders recently suggested that the price will rise to $1.05. This is where two different Fibonacci levels come together. MATIC has fully exploited this sales territory and is now on its way down as expected. At the time of writing, MATIC is already down 15% from oversold territory.

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