Bitcoin has been dragging along for a bit now.. but im seeing a few bearish signs on the 4HR.
We broke triangle upwards but have now come back down due to lack of volume, we also have:
-Bearish MACD cross
-Possible cross of 5 and 20 SMA
-The top of triangle is acting as current resistance until we get out of this zone im short term bearish
A break of support at 6350 and we should test 6100-6200 again, bulls need to push past 6470 for any chance here.
We broke triangle upwards but have now come back down due to lack of volume, we also have:
-Bearish MACD cross
-Possible cross of 5 and 20 SMA
-The top of triangle is acting as current resistance until we get out of this zone im short term bearish
A break of support at 6350 and we should test 6100-6200 again, bulls need to push past 6470 for any chance here.
