Bitcoin has been falling for a relatively long time. BTC/USD could bounce to the upside where some supports converge.
The 200 moving average is catching up. The previous high and the base of the previous breakout converge with the support of the falling flag. The RSI (29.9, days) is a little oversold. Maybe in the short term the $ 7800 level could give BTC/USD some support.
I just want to give my humble opinion on some products by doing technical analysis. There may be some minor and/or major flaws. Nobody is perfect and I'm willing to learn from my mistakes through your opinions. Thank you.
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Disclaimer: This is not financial advise.
