BTC/USD: Potential Change in Trend

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

Комментарий:

Комментарий:

On the hourly

Комментарий:

Nice rejection from the resistance zone mentioned above.

Комментарий:

Комментарий:

A pullback can't be ruled out.