BTCUSD on a 60-minute chart had been ascending in a channel but now has broken down and
has dropped below the channel support trendline. As to whether it will retest that trendline
which is now resistance remains to be seen. However, the MACD lines are under the zero level
and RSI lines under 50, lends support to a reversal at this time. Volatility is contracting and
price compressing in a symmetrical triangle with the bias bearish at this time.