BTC is still in bearish market.
BTC is still in bearish market from July.
It broke MA support lines of 60, 120, but now it is supported by the 240 MA line and 7700 line.
RSI, MACD, volumes show its bearish trends clearly.
Therefore, for the short term, it can increase to up the strong downtrend line (~9000-10000) with golden cross of MACD above the support line. But for the long term, it is very important to check whether it breaks the downtrend line or not.
It broke MA support lines of 60, 120, but now it is supported by the 240 MA line and 7700 line.
RSI, MACD, volumes show its bearish trends clearly.
Therefore, for the short term, it can increase to up the strong downtrend line (~9000-10000) with golden cross of MACD above the support line. But for the long term, it is very important to check whether it breaks the downtrend line or not.
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