🚨🚨Bitcoin is rejecting the downtrend line for the third time, indicating clear weakness.

As you can see the rejection is being very evident, in 4 we can see 3 wicks right on the main bearish line, still maintaining the corrective scenario and confirming it.

On the 4h chart RSI is overbought, strength is decreasing considerably and trading volume has decreased considerably, denoting that buying interest has been lost.

A forceful rejection in the next few hours of this line (dropping below 60k) would cause us to see lower minimums at 57k, we would quickly go to the 50-52k area.

For this bearish scenario to change, we must close a 4h candle above this line, consolidate above it and quickly make a higher high than the previous one that made us make the local minimum.

This post is not investment advice, it is purely educational. DYOR.

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