Keeping bitcoin(BTC) down trend(3/13)

Maintain a downward trend and stand at the inflection point of further decline.

The price of the coin, which had risen after the drop to 8300 last time, has fallen again to stay at $ 9,000.

In the past, the $ 6,000 decline has been strong for three consecutive days with a strong rebound, but it is not continuing the uptrend as trading volume is declining.

The current buying / selling strength is tight, and the market will hit the inflection point tomorrow.

We would like to see a rebound, but as the 5-day price moving average has been on a downward trend, we should keep in mind that it will drop further to the $ 7800 level.

I hope that it will be conservative as it will be difficult for the G20 meeting (March 19th) to take a strong upward trend.

Short-term forecast

8700 support line
9500 resistance line

by Team Rich

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