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Genson

BTC/USD is still looking bearish, on a downward trend

Bitcoin (BITFINEX:BTCUSD)  
Genson  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Technical Indicators Chart Patterns BTCUSD BTC btcforecast Bitcoin (Cryptocurrency) bitcoinforecast
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While we can see BTC is still producing lower highs and lower lows. following the downward trend that started around the 10th of July.

If was can rally through the 11.4k resistance, it will be quite volatile until we can push through 12.4k. Though, the expectation around the web is that it is in a strong downward trend and will likely bounce at 8.2k-7.9k.

We'll see...
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