BTC first Renko target: 35000

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

MJShahsavar

This idea analyzes the Ranko chart in daily timeframes. As you can see, Bitcoin has started to decline after respecting the resistance of the EMA20 ($ 44,000). This downward trend continues in the chart and its first target is the support level of Rekco at $ 35,000
Bitcoin’s response to this level of support will be significant. If this level of BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSD BITFINEX:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD FTX:BTCUSD BYBIT:BTCUSDT KUCOIN:BTCUSDT support breaks down, we should expect a further drop in the price of bitcoin

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