As we continue to bounce from support found around the 30K level, BTCUSD finds itself with a fight against the 12hr 50 EMA to try and reclaim 35K range once more. However, the bears seem to have the upper hand at the moment and are putting up a very significant fight. If the bears do indeed succeed, they could push BTCUSD back to do 30K and perhaps all the way to 28K-26K level where we find our next support zone.
On the daily chart we see RSI trying to retest the 50 level once again and find MACD still on a downward trajectory but still above our 0 line.
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