BTC-USD not out of the woods. Strong downward channel still here for BITFINEX:BTCUSD by alkomart

trendanalysis chartpattern btcusd btcprice btc bitcoin bitcoinforecast bitcoinprice

I believe BTC-USD is not out of the woods. Strong downward channel still in place. Latest rally would have to intensify and lift BTC price above ~4500 USD/BTC in the following days. If not I think the larger trend will kick in again and bring BTC down below 2000 USD in the next month to come...
Bearish Divergence also visible on the RSI

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