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DCFreak

Bitcoin - Downtrend continues?

Short
Bitcoin (BITFINEX:BTCUSD)  
DCFreak Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Beyond Technical Analysis BTCUSD BTC Bitcoin (Cryptocurrency) BTCUSDT bitcoinusd
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trendanalysis beyondta btcusd btc bitcoin btcusdt bitcoinusd
Hello,

Its been a while since I posted a Bitcoin chart with details. Really busy with graduate studies.

MACD: Bearish
CTI: Bearish
Trendline: Downtrend
Volume: Decreasing

The chart is in logarithmic scale. Blue/Red lines are from a regression channel.

~DCFreak
Comment:
Update:

I believe either 7.7k or 8k will hold and the price will move up from there.

However, there is a smaller chance of the price hitting 5.1k as shown above, but it's still a chance.
Comment:
Comment:
Didn't fully reach target, check the new analysis posted.
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