Bit coins it a bit declining...but its not out of race. The 4-hour chart favors a rally to $9,850 (inverse head-and-shoulders neckline). An upside break would allow a rally to $10,417 (61.8 percent Fibonacci retracement of the sell-off from the March 5 high of $11,700). A violation there would expose resistance at $11,000 (inverse head-and-shoulders breakout target).
However, the sustainability of gains is under question as the weekly chart shows the relative strength index (RSI) has rolled over in favor of the bears. Thus, only a weekly close above $11,700 would confirm a long-term bearish-to-bullish trend change.
On the downside, a move below $8,770 (previous day's low) could yield a re-test of $8,428 (Sunday's low).
Only a daily close (as per UTC) below $8,342 (long-legged doji candle low of March 3) would add credence to the bearish weekly RSI and open doors for a sustained drop to $6,000 (February low) and $5,400 (Nov. 12 low).
The constantly changing behaviour of crypto currency keeps us in suspense.
This effect the financial decision of members investing in bit coins. But its definitely a profitable investment for long run. 