Has Bitcoin Begun Its Downtrend? − 稼げる投資系口コミ情報サイト【Trade Center】

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Has Bitcoin Begun Its Downtrend?

Bitcoin (BTC) has declined way below the 21 day EMA as well as the 50 day EMA. This has now paved the way for further downside in the days ahead. The price has found temporary support at the 61.8% fib extension level but it is a long way from declining further. If we look at the price action in the recent past, we can see that similar declines have happened before. The price did end up declining more than 23% in one day recently and if something like that were to happen again, BTC/USD would decline towards the bottom of this descending triangle which by the way would be a lesser decline than 23%. So, that tells us that it is still possible but I don’t consider it to be very probable at this point.

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