BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
If we look on the weekly candle, then definitely yes !

The past week was smashing for many Bitcoin idealists.
Many people out there were hoping for an upcoming Bull run.

Let´s look at the reality.

On the weekly chart a long full length body bearish candle, is clearly visible; ( bearish sign).
A massive imbalance in price occurred, the sellers were far stronger and pressed the price down.
The weekly candle closed underneath the 30 EMA , what could mean, that we are still in the bear market.
A strong volume confirmed the long bearish candle.

All in all the market tells us, that there is a big possibility of a trend continuation this week; downward.

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