Bitcoin has been in a short term downtrend for the last 3 weeks and we have now retraced to the important 61.8% fibonacci area on the daily chart so a bounce from these levels is for sure possible. However, we are still on the negative side of the trend indicator and we need a daily close above it and preferrably with a large volume bar as well.
que the theme from Jaws?
da-dun, da- dun...
yeah pretty much, another leg down today and an attempt to go back up...