Bitcoin

Bitcoin shows weak development in a falling trend channel in the short term.

Falling trends indicate that the currency experiences negative development and falling buy interest among investors. The currency is between support at points 80000 and resistance at points 84000. A definitive break through of one of these levels predicts the new direction. The currency is assessed as technically negative for the short term.

Looks like BTC is caught in a tug-of-war.

Navigating the waves of Bitcoin! Let's see if it can break through those levels and spark a turnaround!