Crypto traders are selling into each rally, a possible hint that Bitcoin and altcoin price direction could be angled toward further downside.
) plunged below the strong support zone of $6 to $5.68 on Nov. 9. This indicates the resumption of the downtrend.Buyers attempted to push the price back above $6 and trap the aggressive bears but the sellers held their ground. This indicates that the bears are trying to flip the $6 level into resistance.
The recovery is facing stiff resistance at the moving averages, indicating selling at higher levels. The bears may again attempt to sink and sustain the price below the range but the bulls are expected to defend the support aggressively.
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