Crypto-currency market: BTC/USD remains in a downtrend

The BTC/USD pair is trading in a downtrend for the third consecutive day, limiting itself to overbought and the general upward trend of the US currency. In conditions of maintainance of the existing downward dynamics from the level of 9250.00-9290.00, one should expect a resumption of the downtrend. When the reversal is formed, the pair will open the way to support levels: 8900.00 and 8800.00. Closing of the day above 9300.00-9350.00 will call into question about the downtrend.

Fig. BTC/USD. Current price – 9205.00

Hanzenko Anton