We have seen market being completely dry for couple of days. But not the price break from the bottom resistance happend and bears are back in town with 7% drop in a single day.
If the full potential of the previous flag will occur the price can reach the 6800 zone.
But volume increased 7 times and we see small morning star Doji which indicates that buyers now want to profit from this big price fall and started buying
BTCUSD
.
Most likely we will see a re-bounce for short term but the downtrend will remain.
If the full potential of the previous flag will occur the price can reach the 6800 zone.
But volume increased 7 times and we see small morning star Doji which indicates that buyers now want to profit from this big price fall and started buying
BTCUSD
. Most likely we will see a re-bounce for short term but the downtrend will remain.