Technical analysis by CryptocurrencyMagnet about Symbol BTC on 4/13/2022

BTC is in a critical level, the next support is at the 23.60% fibs @ $37,768. From the current price action on the Daily chart we have a sell signal for the short-term trend direction, BTC has broken below both the short term 13ema, 21sma and is currently battling with the 50ma support @ $41,808. Failure to breakout of this support level could see BTC potentially dropping lower to the 23.60% fibs from the current price level. Nothing to worry here, just greater opportunity to accumulate and do some shopping around for any new projects 🎯💎