• This is the first time 50MA is crossing 100MA downwards since 03-MAR-2018. This mostly signifies a downfall.
• Also, BTC tried hard to get over the falling trendline but has been rejected more than twice in a row.
• RSI and MACD on 1H also depicting bearish zones without divergences from the price.
The next major support is at 8200-8300 and then 7700. Major resistance stays near 8900-9000 levels. I expect, at least, a minor dump to help traders accumulate more at dips.
• Also, BTC tried hard to get over the falling trendline but has been rejected more than twice in a row.
• RSI and MACD on 1H also depicting bearish zones without divergences from the price.
The next major support is at 8200-8300 and then 7700. Major resistance stays near 8900-9000 levels. I expect, at least, a minor dump to help traders accumulate more at dips.