BTCUSD: Weekly close shows downtrend continuation. Short.

The 1W candle closing (+4.11%) simply erased the previous week's -4.03% keeping Bitcoin flat on a Monthly basis at +0.05% currently. Despite the increased weekly volume, this week started off very low (8.76K) and is projected to keep demand low, confirming our claims that last Monday was a non-technical exception to the overall bearish pattern. 1W remains on a slow descending pace (RSI = 46.783, STOCH = 31.281, MACD = -662.300, Highs/Lows = 0.0000, B/BP = -108.9220) and is projected to close at or below 6,300 this week.