Although long-term signals indicate that the upward jump is imminent, until the current bitcoin price move shows incidentally that further bearish momentum is also possible. As of yesterday, the price of the Betcairn seems to have dropped slightly below the direct upward trend line of the low level at $ 7,000, along with the downward trend line at around $ 12,000 that bitcoin seems to have broken earlier in the day.
If the price is unable to recover above the above mentioned trend lines, it is very likely that tests for the recent decline will occur at around $ 7,000. If the 7,000 barrier fails, the deviation towards the 23.6% track range test, which ranges between $ 5,000 and $ 6,000, is likely to occur, which may accelerate the trend line of the $ 1,800 range test in July Last year available.