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BTC/USD: Potential Change in Trend

Short
Bitcoin (GEMINI:BTCUSD)  
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GEMINI:BTCUSD   Bitcoin
Trend Analysis BTCUSD trendchange downtrend
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trendanalysis btcusd trendchange downtrend
BTC went through a strong bearish phase till middle of March and entered in to a weak rally till first week of April. Since then it has been showing signs of weakness as shown by the simple trend following (High-Low) mechanism on the chart.
If the current trend continues we may see 5850 and 4810 test.

I do not trade BTC and all the above views are personal.
Hit like if its worth.

Regards
JJSingh
Commentaire:
Commentaire:
On the hourly
snapshot
Commentaire:
Nice rejection from the resistance zone mentioned above.
Commentaire:
Commentaire:
A pullback can't be ruled out.
JJ Singh
Trader/Investor
Moderator, TradingView

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