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Bitcoin may Bearish (end to $11,000 or Lower)

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BITSTAMP:BTCUSD   比特幣
on the 4H time frame.

We are looking at a bearish MACD , line, and signal.
The RSI is also on the bearish side but moving around support.
Before Bitcoin can move any lower, it first needs to break EMA100 ($11077), only if this level can be broken, BTCUSD is to move lower and test the $10,600 - $10,400 range.

We mention this support level in our previous long-term update:

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