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BTC - Price Re-Tests Descending Channel - Short Bias Still Valid

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Bitcoin (BITFINEX:BTCUSD)  
FxDollarZz  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Bitcoin (Cryptocurrency) BTCUSD CRPTOCURRENCY USD
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trendanalysis bitcoin btcusd crptocurrency usd
Price is once again re-testing the top of the descending channel where it has been rejected three times already and the stochastic indicator is also giving a sell signal. As long as price continues to respect the top of this descending channel the btc short bias remains valid. Target is still 5-6k.

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