This is a view of this month and it is visible that BTC/USD failed to go above the short term VWAP level at 112$ (now 111$); i’m worried of the recent weak behaviour and i’m starting to have concerns about the health of the long term uptrend but as i stated in one of my previous long term update i still think it’ll not go under 50$ this summer.

Again, in case of strength above the vwap level at 111$ i will change the short term outlook from bearish to bullish.  For now, i see the possibility to reach the 90$ support so to attract buyers and let BTC/USD rebound few $$.