Take a look at this RSI and MACD indication. Looks like a clear indicator that BTC-USD is showing some serious bearish tendencies.
Historically RSI has given clear indications when BTC has been overbought, and oversold.
Historically RSI has given clear indications when BTC has been overbought, and oversold.
Oversold at $8.4k.
Looks like it will be oversold within the near future at $4.5k.
MACD crossing downwards.
My tip: Sit tight and wait until BTC hits $4.5k, from there we might se a bullish pattern after a new analysis.