As stocks and markets are starting to get better and more bullish, we see an increase in price for Bitcoin. I guess optimists will always be optimists. And here is why I think Bitcoin will continue to go down even if it goes up a little bit.
Bitcoin is now at 4282, a month ago it was at 6330.
6500 level was a a strong support for a while, and then it broke and Bitcoin went down. In my opinion, Bitcoin will need to break three resistance levels, and hold the price. Even better if it goes up for a while, which will mean people have confidence in this digital currency, but trend shows otherwise.