FX.co ★ XAUUSD, Day | Continue to 1st Support?

BTC/USD chart shows bearish momentum with potential for drop to first support level. Overall, Bitcoin's momentum against the US dollar is bearish, suggesting possible further price decline. A bearish reaction from the first resistance level could lead to a drop towards the first support level at 25249, with a possibility of going down to the second support at 23924. The first resistance level at 28342, with a 38.20% Fibonacci retracement, could lead to a rise towards the second resistance level at 32842, also an overlap resistance level with a 50% Fibonacci retracement. Intermediate support level at 26598 is worth noting, as it could trigger a rebound towards the first resistance level.