Chivashon
Short

$BTC $BTC.X $BTCUSDT - Bitcoin, Binance, 1 Day, We had Hope

BINANCE:BTCUSDT   Bitcoin / Tether
Yesterday we saw some green, and now we are back in the red. The bearish decline continues. Binance prices are very close to Coinbase and the 8k support has broken though the price is hovering in the high 7k range. No indicator is showing me any clear signs of recovery. We are riding the lower Bollinger Band , RSI though is hovering just above the oversold mark as volume has declined. On the Binance chart there is no real clear next line of support in the past, we have hit the major ones and broken them already. I look to the fib line for possible bounce and that is all the way close to 7k. It has been days with no signs of a strong recovery just a few small signs of hope. I believe those with money are still waiting, waiting to create a new absolute bottom. I believe we will see the price continue to 7k then we will have to see if we get our retracement.
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