Bitcoin is showing bullish sign on Lower time frames but remains Bearish on 3D Timeframe after recent candle close.
Looking at the chart, we can clearly see Bitcoin is facing resistance at 100 MA on 3D Timeframe.
MACD is still bearish, but sell volume is slowing down - which indicates further sell-off, but bottom is close.
Expecting Bitcoin to test support around 5700-6300$ Area in the next few days.
Bearish Price action invalidates only Bitcoin able to break above 100MA on current 3D Candle.
As long price stays below 100MA on 3D, Expecting bitcoin to drop below 6300$.
Looking at the chart, we can clearly see Bitcoin is facing resistance at 100 MA on 3D Timeframe.
MACD is still bearish, but sell volume is slowing down - which indicates further sell-off, but bottom is close.
Expecting Bitcoin to test support around 5700-6300$ Area in the next few days.
Bearish Price action invalidates only Bitcoin able to break above 100MA on current 3D Candle.
As long price stays below 100MA on 3D, Expecting bitcoin to drop below 6300$.