Bearish BTCsteemCreated with Sketch.

in bitcoin •  7 years ago  (edited)

Still sentiments predicted by people, correction is over & probabilities of bull-back is very likely in coming days.

But, it seems from 1D-5H-1H Chart, BTC experiencing tremendous pressure to revert its flow & gain momentum again back to UP.

From technical perspectives - EMAs now clearly indicating how considerable impact Bitcoin had in past few days, it might be due to China ban, JPMorgan statement, BCN war, etc. Hence, significant time BTC need to recover from all these & to move back towards its previous high & further..

Expecting again it should test 3600 support at least, to gain significant potential to lift up.

So I'm still standing Bearish at this moment till bounce back to previous solid support.

Thanks.

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