Bitcoin has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The currency has support at points 30000 and resistance at points 53000. The volume balance is negative and weakens the currency in the short term. The currency is overall assessed as technically neutral for the medium long term.
Bitcoin made intraday gains yesterday to approach 9255.00, but today starts with a noticeable bearish slope on its way to test 8880.00, supported by the current stochastic negativity, waiting to break this level to confirm the extension of the downside wave towards 8510.00 as the next main target. Therefore, the bearish scenario will remain valid for the upcoming...