BTC started to go bearish




BTCUSD has lost its recent recovery momentum and started to decline following the rising risk levels in international markets. Technically, as long as it stays below 44 400 level indicating the descending trendline, downward moves are highly likely to continue. Thus we will follow the previous bottom, 41 400, and 39 500 levels. On the other side, 45 500 will be our resistance level above 44 400.