There are 2 downtrends to be watched for BTC. First and big one (thick orange line) started on26th of June, this downtrend is still active. Once this trend will be broken, I'm expecting another steep uptrend going higher than 13.000$
Second downtrend started on 6th of August (thick purple line) which is a steeper downtrend. Right now we are about to break this trendline's resistance. If the price will break this resistance, 11.000$ - 11.150$ will be the new resistance for Bitcoin. In case of a bounce back from resistance, 9.200$ and than 8.500$ will be the support lines and targets.
We may see some steep moves in Bitcoin in these days either up or down.
Second downtrend started on 6th of August (thick purple line) which is a steeper downtrend. Right now we are about to break this trendline's resistance. If the price will break this resistance, 11.000$ - 11.150$ will be the new resistance for Bitcoin. In case of a bounce back from resistance, 9.200$ and than 8.500$ will be the support lines and targets.
We may see some steep moves in Bitcoin in these days either up or down.