Hi Steemit Friend,
Bitcoin was continued uptrend after settled below $ 8980 resistances for a few days. Upside move is initiated and the price is traded higher it’s reach the next resistances but isn’t strong enough to broke resistance at $9700, swing high was formed at this level before the price started a downside move. The correction is strong enough to sended back price to below $ 8980. Recently the price settled below $ 8980. Bitcoin must broke the resistances at $8980 to remains in an uptrend otherwise the price is potentially get rejecting to around $ 8000.
Daily chart is showing the Bearish Engulfing candle is formed and it’s indicate that sooner price will taking downside move, so if you are on long position I advise you to take some profit or reduce some of the position.
source: data.bitcoinity.org
Let’s See...
Disclaimer: This is not financial advice. I’m just giving idea, all trades it’s completely in your responsibility. Make sure you use trading management properly to avoid losses.