Technical analysis by tobtctrading about Symbol BTC on 3/16/2024

In the daily time frame, #BTCUSD recently breached the critical 70K support level. Additionally, we observe a bearish crossover in the MACD indicator, with the histogram diving below the zero line. This prompts the question: should we be concerned? The next crucial support levels, as per Fibonacci retracement levels, lie at 56900 and 52800. Monitoring closely for potential trend continuation or reversal. #Bitcoin