The new stable coin known as Bitcoin is looking notably better on the BTC:EUR chart than the BTC:USD chart today. The 12hr RSI is currently at 59, just below bullish, compared to BTC:USD that has fallen to 53. Low volatility is changing the times.
Currently bullish on a close above €5,800, but if selling on the USD pair continues then the EUR pair with fall towards support in the rising channel, similarly to BTC:USD.
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Anyone still watching this: the price has climbed back and closed above the support trend which invalidated any immediate bearish outlook. Strong support between €5,375 and €5,475 are the levels to look out for.