I have been following the same chart for almost 2 months now. I see a very clear descending triangle for BTC. In the short term both moving averages act as a strong resistance around 10,400 $. We have seen time and time again, what cannot move up, will go down.
Good Luck,
Trade active
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As was expected, the brake down happened. Lets see if it can hold the 7500 $ range as support. I would advise to see in the upcoming days if the support can hold the 7500 range. If the support is held tight that I would buy it around 8000 range