Bitcoin Downtrend

Bitcoin currently keeps getting rejected by the 0.382 resistance fib level and is clearly in a downtrend. next target should be 0.5 fib support 8.8k. Breakout in the coming days will occur.

in other notes, bitcoin is also forming a bear flag on the 4hr time frame.
Bearish PatternsBTCUSDChart PatternsTechnical IndicatorsTrend Analysis

Also on:

Disclaimer