BTC failed to breakout the ascending traingle and returned to the uptrend channel. In fact, while I'm writing this analysis, the price is being negotiated right above the upper limit of the channel.
Fast line of MACD is going down, while the slow line is descending.
In my opinion, and it is a personal opinion (do not trade based on it), the price will touch the EMA 50 (in orange). If this happens, and if there is a rapid recovery of prices with good volume, it is a strong signal of the bull market.
If the price falls below the EMA 50, then we will have to redouble our attention. Bears can take control of the market.
Fast line of MACD is going down, while the slow line is descending.
In my opinion, and it is a personal opinion (do not trade based on it), the price will touch the EMA 50 (in orange). If this happens, and if there is a rapid recovery of prices with good volume, it is a strong signal of the bull market.
If the price falls below the EMA 50, then we will have to redouble our attention. Bears can take control of the market.
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