Waiting for something

We are waiting for bitcoin to do. The last 12 days the price of bitcoin has been in a lateral range, it still does not define which direction it is going to go, what we do know is that we have at a technical level, two strong resistances, the moving average of 20 and 200 periods, these are going to be a strong price barrier.
In fundamental news, the problems with China and cryptocurrencies continue.

My point of view is that until the price does not break above these two moving averages, bitcoin remains in a downtrend.

We are waiting for something to happen to be able to make decisions, for the moment we only have to observe the market.

Posted Using LeoFinance ^Beta