BTCUSD formed a fresh one-year trough today and is set to complete the eighth negative day in a row. The RSI and the MACD have both weakened, with the former dropping even lower in the oversold zone and the latter easing below its red signal line. Downside risks persist as both indicators continue to fluctuate in bearish territory; the RSI below 30 and the MACD below zero. Should the market extend losses, support could be met around the 4910 region, taken from the lows on October 2017. A significant leg below this area could send prices towards the 4460 support, identified by the one-year inside peak. On the flip ... (full story)