Bitcoin's daily chart:
- if we're staying in this descending channel, the next bottom is scheduled to be at around 5400$, although this might not happen anymore
- we have again a bearish Tenkan cross (blue below red)
- there's also a hidden bullish RSI divergence the RSI is not confirming the price action; the price indicates a double bottom and the RSI a lower low (green dotted)
- we might see a bounce from here, as the result of the double bottom
Click here to enlarge the image
Bitcoin's 4h chart:
- we found a strong resistance at the 6400$ level, the 0.236 fibonacci retracement from the last run. We had attempts to break it, but didn't succeeded
- a bullish RSI divergence can be seen here too, more prominent than the daily chart
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