BTCUSD - Further bearish downtrend coming up?
Chart showing the various points at which BTC touched, but never breached, 200 EMA on the daily. Will this be the 1st time? If it continues to trade below 200 EMA, will have to entertain the possibility that this might the start of a further downtrend.
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As they say, it ain't over till the fat lady sings. That candle hasn't finished printing, so let's see what happens over the next 10 hours or so.
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Forgot to add - RSI indicates oversold on this timeframe, so there's some hope yet!