bitcoin losing momentum? [TA]

in cryptocurrency •  7 years ago 

After not beeing able to break out of its longterm downtrend yesterday we are looking at low volume.

Its highly unlikely that btc is gonna break out in his next try which might occur soon and we could drop down as low as 5k or even below! Next stronger support should be at around 7.5k.

Is bitcoin looking to become bearish again?

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  ·  7 years ago (edited)

That's right, and it's been obvious all the time.
Now the mood is changing but still undecided so I reckon that we will get lucky at the next dip... hopefully before the end of the month.
From then on, everything should be just fine... even or especially if the DOW breaks down forever...
obvious.jpg