Watch these Levels for a potential Low and Reversal of Bitcoin

Bearish View:

• Weekly MacD is turning bearish
  
• Weekly RSI has still a way to go until 54 which was the lowest in the last Bull Market
  
• Clear descending Triangle on Daily and 4h which is likely to break to the downside with it's 3rd or 4th retest
  
• Lower Highs since 14k
  

Levels to watch if breakdown happens:

8350-8750 range

• 0.5 Fib Retracement
  
• 21 Weekly EMA will probably act as resistance in that area
  

7150-7650 range

• 0.618 Fib Retracement
  
• 50 Weekly EMA will probably act as resistance in that area