BTC is still in downtrend.
there was a try to get through on 4th May, but it was unsuccessful
as it seen, we have global uptrend which is still a powerful support. But now we are far from that stage.
BTC can possibly go to 7900 level, but doesn't seem very realistic. What we really need now is good uptrendish flat.
Nothing new actually.
unless we break resistant downtrend, the market is still bearish. So when we get through, the rise will be huge. You can see next levels of resistance that BTC has to get through.
there was a try to get through on 4th May, but it was unsuccessful
as it seen, we have global uptrend which is still a powerful support. But now we are far from that stage.
BTC can possibly go to 7900 level, but doesn't seem very realistic. What we really need now is good uptrendish flat.
Nothing new actually.
unless we break resistant downtrend, the market is still bearish. So when we get through, the rise will be huge. You can see next levels of resistance that BTC has to get through.