Bearish
The current trend of Bitcoin (BTC) is bearish 12. The weekly price action and the daily Relative Strength Index (RSI) show weakness, suggesting Bitcoin is correcting
1. However, the long view moving averages are crossed bullish
2. Whether the count is bullish or bearish is not yet clear
3. A market participant may think Bitcoin or an altcoin is bearish for a period based on certain chart conditions or patterns
