Bitcoin, on a weekly basis, looking weak, but still has room to fall. MACD, Premier Stochastic Oscillator, Vervoort Smoothed Oscillator, KDJ, and Ehlers Smoothed Stochastic & RSI with Roofing Filters all are bearish.
I am especially watch KDJ as its strong movement down makes it look like Bitcoin price could make another run at $340 or below.
None of these indicators has bottomed. So expect more downside before Bitcoin price recovers.
I am especially watch KDJ as its strong movement down makes it look like Bitcoin price could make another run at $340 or below.
None of these indicators has bottomed. So expect more downside before Bitcoin price recovers.