Bitcoin (BTC) Trend Break Fails: What’s Next? Price Analysis

An assault on the descending trendline by the bulls on Thursday was repelled by the ￰0￱ this break of trend failure the Bitcoin price is heading downwards on ￰1￱ will it stop? Are the bears taking control? $BTC rejected at descending trendline), 100-day (green), and 200-day (red) are perhaps signalling some ￰2￱ 50-day SMA and the 100-day SMA are just starting to tilt ￰3￱ one looks back to the last time this happened, it was the beginning of a full-blown 30% collapse to the downside, which even pierced through the 200-day SMA which is supposed to act as bull market ￰4￱ course, this might just be a little squiggle in these moving averages as they then turn back to the upside, but it’s certainly something to keep an eye ￰5￱ the bottom of the chart, the RSI indicator line is bouncing at a band of ￰6￱ it drops through, the 200-day SMA might well be ￰7￱ divergence on 2-week chart - bears taking control?