#BERAonBinance

Bitcoin is within an approximate horizontal trend channel in the short term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. A head and shoulders formation is under development. A decisive break of the support at 92354, ideally with an increase in volume, signals a further fall. The currency is between support at points 92000 and resistance at points 98000. A definitive break through of one of these levels predicts the new direction. Volume has previously been low at price tops and high at price bottoms. Volume balance is also negative, which weakens the currency and indicates increased chance of a break down. The currency is overall assessed as technically negative for the short term.