Bitcoin Trend Breakdown

- Bearish Trend Reversal @ $11.7k
- Bulls fail to breakout trendline
- Bears broke $10.2k performed to downside
- Below 50D MA
- Warning to bulls shown
- Break RK3 now Kumos resistances
- Volume increase to the downside
- Next supports $8.7k/$8.1k
- Bearish until bulls can breakout $11k/$12k resistances

Trade closed manually:

- Broke back above trendline and 0.886 fib
- Back above RK3 support
- Bullish if above $11,500 breakout and holds above
- Bearish if breakdown $9,800 and holds below