Bitcoin Will Go Down Again

Bitcoin has found a resistance level before reaching $4500. It is now trying to go back up again, but as you can see on the MACD indicator we have a pattern of bearish divergence showing again. On August 14 we had a similar pattern showing and Bitcoin went below $4000 after that.

Conclusion: Watch out for price drops. If the price starts falling you will know that it might be time to consider strategies other than holding.