SHORT TERM $BTC ANALYSIS
Bitcoin is in a falling trend channel in the short term. Falling trends indicate that the currency experiences negative development and falling buy interest among investors. The currency has support at points 55200 and resistance at points 60700. Negative volume balance indicates that volume is high on days with falling prices and low on days with rising prices, which weakens the currency. RSI diverges positively against the price, which indicates a possibility for a reaction up. The currency is overall assessed as technically negative for the short term.
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