The day as per UTC is closing really bad for bulls. BTC failed to get over the 10-MA in the 4 hours chart and the 50-MA is crossing under it, confirming the downtrend reversal.
Looking at the Daily chart, things don't look any better. The 10-Day MA (in red) support was tested and broken earlier today. The bears seem to have everything under control, despite bulls objections; the landscape isn't looking good. Next target on the downside is bellow the 9k frontier.
It's going to be a long night.
Looking at the Daily chart, things don't look any better. The 10-Day MA (in red) support was tested and broken earlier today. The bears seem to have everything under control, despite bulls objections; the landscape isn't looking good. Next target on the downside is bellow the 9k frontier.
It's going to be a long night.
