- Volumes are light and BTC/USD is trading 036% lower.
- The price rejected the 55 daily EMA to move lower on Monday.
BTC/USD Daily Chart
The Bitcoin price rejected the 55 daily EMA on Monday to move lower overnight and in early Christmas eve trade.
For the downtrend to continue a break of 6,432.04 would confirm a new lower low wave.
The market has been bearish since late June and it looks like it’s not stopping,
The bulls need a break of 8K to take out the previous wave high.
There is also the 200EMA resistance zone to take out too.
Additional Levels