BTC death cross! one more leg down to complete the bear cycle
As the current BTC sentiments are seems to be bullish in the market given BTC has broken few important resistance on the way up last month. I am still forming a bearish case on weekly charts. The current BTC movement has been stopped by 50WMA as expected. Have a close look at the 30WMA its just kissing 50WMA and looks like bulls are out of fuel. The second reason is Stotch RSI is oversold, and RSI has down tick exactly at last resistance. This week and next week is very important to confirm the bull market until then we are bearish.
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