Bitcoin should had dropped sharply, BUT why not it doesn't DROP?
From Moving average line aspect:
1. The price closed always below under 5 days moving average recently. Only one day closed a little bit cross over it, but not strong.
2. Price below 20 days and 50 days moving average recently.
3. 4 hours chart lower low and higher low forming a downtrend channel.
Bitcoin outlook: it seems bearish, and Should Had Dropped Sharply, BUT why not it not DROP?
If it does not drop, what does it mean on the other hand?
1. The price closed always below under 5 days moving average recently. Only one day closed a little bit cross over it, but not strong.
2. Price below 20 days and 50 days moving average recently.
3. 4 hours chart lower low and higher low forming a downtrend channel.
Bitcoin outlook: it seems bearish, and Should Had Dropped Sharply, BUT why not it not DROP?
If it does not drop, what does it mean on the other hand?
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