It seems that the modern 2017s. Bitcoin continues to sink as it did in the days before reaching $20K. Long-term technical indicators indicate that the benchmark decline is in the peak of its strength and will probably last for so long.
The technical analysis of DVAN trend lines indicates that Bitcoin resumes the downward trend. The baseline / Algorithmic indicator also indicates that the trend remains downward, despite short-term upward pulses. If, however, the indicator lines cross the whip, the probability of rebound will increase significantly.
Source: Bloomberg Finance L.P.
Charts: Used with permission of Bloomberg Finance L.P.
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