Judging from the chart, the price declined with larger volumes. The price hasn't reached its floor. Since the declining trendline hasn't been broken through. The overall trend remains bearish. The support locates on USD 150.
Last week (9/3-9/9) BTC price experienced a huge decline, due to too many negative news was released. Observed from the weekly price trend, the highest point of each wave is getting lower and lower and simultaneously the trading volume does not decrease. This means some bullish investors might have lost confidence. Besides, the price formation has become a ...