Bitcoin BTCUSD: Still stuck below the cloud chart resistance!

Bitcoin BTCUSD: Still stuck below the cloud chart resistance!

Downtrend remain in place as BTC is not getting past the cloud chart resistance at the bottom end of the cloud resistance zone at 3784! The next key resistance zone is the top end of the cloud at 4866! That is the upside target if BTC breaks past cloud resistance!

The long-term trend remain down since price action is below the  cloud. The downside targets on the weekly chart are :3156, 2705 and then 1661.

BTC not going anywhere in a hurry as they say!