Bitcoin Likely To Move 1 Level Lower

Bitcoin (XBTUSD) continues to print weakness while many altcoins are printing strong charts vs Bitcoin... We are likely to drop.

On this chart we have the MACD going below zero while the RSI is now below 40, both looking bearish.

Prices managed to close below EMA10, EMA50, and EMA100.
We also have multiple lower highs...

Even on a bounce, strong resistance is still ahead.

Bitcoin is likely to drop... What's your take?

Namaste.

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Previous charts | Jun 21

Jun 17

Jun 2