bitcoin trading in a downtrend forming on the hourly time frame strengthens the breach of the rising trendline by breaking the $ 3466 area.
The (ADX) indicator is currently neutral.
The SMA 20 is currently bearish.
Momentum Relative Strength 14 is trading in a bearish direction. This trend is weak due to stability failure below 30 pips.
Outlook:
It is expected that, in the event of a digital currency breakout, the $ 3516 zones may target areas of $ 3,615.
On the other hand, in the case of breaking the digital currency Betquin areas $ 3430 may target the $ 3083 encrypted currency target of the symmetrical triangle classic model.
Support: 3376 - 3252 - 3108
Resistance: 3543 - 3657 - 3807
Direction: Down