First time after 6 months of bear downtrend BTC created bottom formation. Fueled by some news it broke upwards and after a harsh rejection from 8400 it's on a path to confirm the last strong resist as a support.
Strong volume rejection does not look good, for the first time after 4 touches bulls did not have the strength to push it even to the top of the downtrend channel.
Dropping under the blue box could mean that 6500 won't hold for the third time, which could be devastating for the price.
Strong volume rejection does not look good, for the first time after 4 touches bulls did not have the strength to push it even to the top of the downtrend channel.
Dropping under the blue box could mean that 6500 won't hold for the third time, which could be devastating for the price.
