BITCOIN (#BTC) - Bulls tired at $9800, next target $8500

Yesterday was a sign of growth, today is the opposite. Supposed rebound of BTC failded and bulls tired at $9800. BTC dropped down back to $9000. Where important supports are located - Fib 78.6%, EMA200 and Ichi. EMA21 and EMA50 are still below us. MACD indicates a trend change to bearish. RSI is below 70%.

Bulls will have a strong tendency to maintain this support, because if it fails, then another drop below $9000 is confirmed. We can now expect some price sideway movements, next 1-2 days. Then downtrend will continue, to price below $8500.

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