Cryptocurrency Bitcoin (BTC) rebounded at a minor diagonal support level near $40,000 but could still test the primary support zone between $37,000 and $38,000. Bitcoin has been decreasing since March 28 and dropped to a local low of $39,200 on April 11.   It’s possible that BTC bounced at an ascending support line (solid) that has been in place since Jan. 22. However, technical indicators are bearish. The RSI has broken down from an ascending support line and is currently below 50. The RSI is a momentum indicator and readings below 50 are a sign of bearish momentum. In addition to […]