Bitcoin and Altcoins Signaling Bearish Continuation

Bitcoin and Altcoins Signaling Bearish Continuation

There was hardly any upside correction in bitcoin above the USD 8,950 and USD 9,000 resistance levels. BTC/USD is mostly following a bearish path and it seems to be facing many resistances near USD 8,850 and USD 8,950. Similarly, most major altcoins are trading (09:00 UTC) in a downtrend, including ethereum, XRP, bitcoin cash, litecoin, EOS, BSV, ADA and XLM.