BTC Trend Update 10/04
BTC halted its steady uptrend and decreased by 6% in 4 hours, however it has not yet passed the value of 6800$ which was a resistance until April 6th, when BTC broke it.
It will probably be tested as a support over the following hours.
By looking at both RSI and MACD, it seems like both graphs are preparing for a bearish trend.
This decrease could be similar to the one observed between March 27th and March 30th, which led to a decrease around 15% over a time period of just four days.
Even if that'd be the case, I think BTC will get back to its uptrend pretty soon, considering the sentiment around the market and the predictions about what's going to happen getting closer to the halving. What's your opinion?
It will probably be tested as a support over the following hours.
By looking at both RSI and MACD, it seems like both graphs are preparing for a bearish trend.
This decrease could be similar to the one observed between March 27th and March 30th, which led to a decrease around 15% over a time period of just four days.
Even if that'd be the case, I think BTC will get back to its uptrend pretty soon, considering the sentiment around the market and the predictions about what's going to happen getting closer to the halving. What's your opinion?
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