Bitcoin is searching for a new support level after the important purple trendline was resistance was to big.
We probably see BTC find support in the green box on the 200 EMA and 0,5 FIB level. Best for BTC is to bounce in that green box and try to penatrate the purple trendline witch would make BTC bullish again after several months.
The Daily TD indicator is on a bearish red number 5 witch means we probably see 4 more days of bearish candles before a possible uptrend again. Best to see is a red number 9 arround that green box witch means bearish momentum is over and we will see a possbile correction.
We probably see BTC find support in the green box on the 200 EMA and 0,5 FIB level. Best for BTC is to bounce in that green box and try to penatrate the purple trendline witch would make BTC bullish again after several months.
The Daily TD indicator is on a bearish red number 5 witch means we probably see 4 more days of bearish candles before a possible uptrend again. Best to see is a red number 9 arround that green box witch means bearish momentum is over and we will see a possbile correction.