MMBTtrader

BTCUSDT New Descending trendline formed and supports ahead

MMBTtrader Diupdate   
BITSTAMP:BTCUSD   Bitcoin
60K is now the local resistance zone after that breakout to the downside and also new Descending trendline formed for BTC here that we can expect major sell pressure there if the price touches the resistance of trendline again.

Only after breaking 62K-64K resistances, we can expect a bullish market and bulls will lead again.

Notice: The market is still more neutral and bearish below these resistances.

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