Short

BTC losing strength?

I know it is sad to see but it looks like BTC is losing strength. This can be seen by the transition from Higher Highs (HH) and Higher Lows (HL) to Lower Highs (LH) and Lower Lows (LL). Not to mention that the RSI is showing weakness in buying power. There was also too much resistance in this 59000 range that could not be surpassed. The behavior of the market was very similar to 2017 where towards the end of the BTC rally, you saw altcoins like ETH, LTC, and (for some reason) DOGE skyrocket. But it is my belief that this time has come to an end as many alts are now losing momentum. Good luck to all as we potentially enter this bear market for the next couple of year. It has been a great 2020 BTC run.

TylorHunn

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