Taking into account the 4h candlechart Bitcoin resumed it's downward trend. Since it failed to push through the 61,8 mark (roughly 7400$) the price will eventually drop beneath the 6400 mark, which was tested on sunday.
MACD and stochastic oscilator suggest a further drop aswell, while CCI and RSI leave room for speculation.
Considering the fact that, according to coinmarketcap.com, the trading-volume of the last 24h is still very low in proportion to most of Q1, we can assume that the demand for digital currencies is so low, that those who want to sell, have to do so at low prices.
The low prices themselves lead to a certain panic and potentialy lead to a further drop on the demand-side. The market has still to overcome this momentum before we can hope for another bull-run.
Wish you all the best and see you next time.
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