Bitcoin Daily Chart / Bearish & Bullish Scenario's
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Chart is on the Daily:
As you can see, Bitcoin is trying to test the support line. If it tests successfully, we will see a uptrend and potently get it back to bullish conditions. if it fails, we will be in a bad bear market and continue this downfall.
Looking through past history and chart patterns, I believe it will keep on going down and continue with the bear market. We will see another false uptrend but will come back down.
Hopefully I am wrong!
Be prepared for potential short my friends.
