BTC Forming Bearish Trend – Bitcoin started on a low selloff, creating a descending trend in its price on the hourly time frame. After bouncing off the resistance the price is trading down the area of interest. A break below the near term can slice the price down to $3000 major mark. Global Exchange.
Globalexchange. From the above chart, the price is trading near the $3525 with the bearish trend in line. The pair is above the long term resistance to support the bounce back to the resistance at $4000. Globalxchange. MACD for the pair is in the bull zone and the RSI is below the 50 level.
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