If we look at the 4-hour charts on Bitcoin, we know exactly this cryptocurrency now in a Bearish bias, this is already seen by the price moving in a down slope channel and bellow the Moving Average 50 (with the MA Slope pointing down) now as long as this cryptocurrency not break out and close above the 6,803.89 it will continue its Bearish bias.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look at the 4-hour charts on Bitcoin, we know exactly this cryptocurrency now in a Bearish bias, this is already seen by the price moving in a down slope channel and bellow the Moving Average 50 (with the MA Slope pointing down) now as long as this cryptocurrency not break out and close above the 6,803.89 it will continue its Bearish bias.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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