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02 April 2018, BTC
Technical Observation
BTC is currently trading with an increasing bearish momentum. Since the previous week's analysis, this virtual currency has been in a constant downtrend and has remained below the two simple moving averages (52, 152). While the price is resisted by these two SMAs, I expect a surge to the lowerside and may break below $5,000.00 towards $1000.00. So as far as I'm concerned, BTC will continue to loose value especially while it remains below the $10,000.00 mark. The price may plummet up to below $1,000.00, but should not go lower.
Trade Signal.
Short BTC towards $5,002.00.
