Bitcoin price chart is still bearish, warns analyst
Bitcoin (BTC) sentiment turned slightly bullish after a recent correction, testing the $60,000 psychological resistance. However, an analyst weighed in, warning that Bitcoin’s price chart “is bearish and says down” while explaining he is short. The short-seller is Alan Santana, a prominent cryptocurrency technical analyst who shared this idea on TradingView on September 11. Santana has updated his trading status, with the last update on Saturday, September 14, doubling down on the bearish bias. “Last time, the majority of the people were wrong. They believed Bitcoin was going up while very strong and clear signals were pointing to the contrary. The market did not move to make those inexperienced traders happy, instead it moved according to the chart. Now, here I am not sharing my opinion or personal conviction, I am reading the chart. The chart is bearish and says down.” – Alan Santana ...