BTC looking weak. Still confluence on indicators might suffice for a bounce here. We are currently trading at the bottom of this upwards channel.
The daily so far is looking weak and hinting to a further decline of price. At around 8800$ we have the 200MA & 0.618 fib so a bounce from these levels currently seems likelier. Before even look at these levels $BTC must break trough the bottom of the downwards channel and fall before 9400$ which might prove to be harder than it seems. Good luck to all bears out there.
The daily so far is looking weak and hinting to a further decline of price. At around 8800$ we have the 200MA & 0.618 fib so a bounce from these levels currently seems likelier. Before even look at these levels $BTC must break trough the bottom of the downwards channel and fall before 9400$ which might prove to be harder than it seems. Good luck to all bears out there.