Bitcoin Price Analysis for April, 14th – BTC Risks To Drop

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TheMerkle Bitcoin Cash ViaBTC ProfitabilityBy Dmitriy Gurkovskiy, author at RoboForex Blog. On Tuesday, April 14th, the leading cryptocurrency is declining, trading at 6850 USD. On D1, the support line of the correctional uptrend is broken away. These dynamics might be interpreted as a reversal aimed at forming a new declining wave with the goal of 3925.70 USD. Note that it reached 50.0% Fibo, so a reversal looks quite natural. The descending dynamics of the MACD lines may be supporting the development of the declining wave. On H4, the picture of the trend reversal may be seen in more detail. Earlier, there formed a Black Cross

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