Bitcoin broke the trendline as a sign of a bearish market for BITSTAMP:BTCUSD by KurdEx

trendanalysis indicator chartpattern btcusd bitcoin btcusdt btc_usd bitcoinprice bitcoinforecast bitcoinusd bitcointrading

Bitcoin broke the trendline and retested it with a nice rejection. Now we should wait for one of the red or green lines to be broken to find out the next direction. Breaking the green line means so bullish, but technically the redline is more feasible to be broken, and that would result in a very bearish market. $25k would be so possible.

What do you think?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.