BTCUSD Showing Signs of Weakness

10 apr 2020

BTC has met a confluence of resistances - previous support that held almost six weeks, 61.8% retracement from the last plunge, and the 50 MA depressing the price since it has hit the 7,500$ local high. Moreover, TD Setup perfected with recharged oscillators, plus RSI breaking now the uptrend that has been forming since the selloff apex.

I expect the BTCUSD rate to retest with increasing volumes the instrumental support level of 3000s USD .