BTC/USD Bearish scenario 

BTC/USD Bearish scenario 

Gate Trade Bitcoin Friday, May 15, 2020 312 0

Looking at the 4-hour chart, if Bitcoin price falls below the ascending trendline and fails to find support at $9,200, a drop to the 100-MA at $9,000 is likely. 

The VPVR also shows a high volume node at $8,894, which is slightly below the 100-MA, so in the event that the price falls below $9,000, traders will likely look to open positions at this level.