Until there's a higher high, bitcoin still remains bearish

IMO

Note: This is no trading advice of any kind. Just my thoughts. And remember, no one is perfect. We all make wrong predictions sometimes.

With that said, I believe bitcoin is still on its way down. RSI still making lower lows 11th August 2020. Though the trendline slightly broke to the upside, however, there's no trend change for me until there's a higher high made on both RSI and a new high on the chart itself.

We'll see how this plays out in the coming days.