frmnCapital

Bitcoin still bearish with Daily timeframe

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BITFINEX:BTCUSD   Bitcoin
The BITCOIN is currently in a downtrend on the 1day timeframe. It has been in this downtrend for the past few months, and doesn't seem to be showing any signs of reversing. The trendline is currently at around 23,000, and I expect the price to continue falling until it reaches that level. Once it hits that level, I think it will start to consolidate, and may even reverse. So, my advice would be to sell now, other scenario daily closing must above 33,000 then bullish. Thanks for reading!

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