Continued Bearish Idea for Bitcoin
Bitcoin did breakout above the trend line for the rising channel. However a bearish cross to the MACD is incoming and the Stochastic is oversold as well. Bitcoin needs to break above the 30k level and hold in order to flip the script of this long term down trend. If bitcoin is rejected, I can see support at 25K, 21K and then down to 15K. Should we lose 15K, expect a retest down to 8-10K level. On a Bigger Macro level the Monthly MACD is still in a bearish trend.
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