So bulls came back to buy some cheap BTC but in order for the price to go up we have to check the strength of the massive downtrend chanel wall resistance.
we are in this downtrend chanel from 05.03 and bulls were not able to make it through.
The market tried to run away from this downtrend channel on 22.03 and 23.03 but the both attempts ended with very brief price increase.
RSI momentum shows decline in the momentum,which could mean a bearish behavior in the near future.
Now we can wait until the chanell walls gets tested.
we are in this downtrend chanel from 05.03 and bulls were not able to make it through.
The market tried to run away from this downtrend channel on 22.03 and 23.03 but the both attempts ended with very brief price increase.
RSI momentum shows decline in the momentum,which could mean a bearish behavior in the near future.
Now we can wait until the chanell walls gets tested.