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Short-term analysis of Bitcoin



Yesterday Bitcoin depreciated more than 2% compared to the US dollar. The pair BTC / USD during the Asian trading session consolidated in the short term between the upper level of $ 6688 and the lower one at $ 6722.

Further, Bitcoin fell to $ 6,580 at the beginning of the European trading session. Since that time, BTC / USD is trying to return to higher positions. At this point in time, BTC is trading at a price of $ 6659.

BTC / USD expects to either consolidate sideways in the medium term, or continue its decline relative to the current downward trend line. But in any case, the shift will remain bearish, because the MA-50, MA-100 and MA-200 moving averages will exceed the value of the BTC / USD pair.