Imminent Drop Ahead? Bitcoin Showing Bearish Signals |Short-term

13 ม.ค. 2020

Looking at Bitcoin (XBTUSD) short-term (1H) we can see that prices are now trading below EMA10 and EMA50 while the two indicators have a bearish cross.

The MACD and RSI are trending down and volume is really weak after multiple lower highs.
If XBTUSD fails to move back above $8093, prices are very likely to drop.

What's your take?
Feel free to share with us in the comments section.

Thanks for reading.
Namaste.