Bitcoin's three-day chart shows:
Bitcoin has dived out of the corrective ascending channel with a strong red candle.
The MACD shows lows of upward momentum
The RSI shows failed downtrend breakout.
Sell 21,210 target $16K Stops above $24,000
Fed fears have returned to the market. Most advanced nation central banks are now toying with the idea of raising rates well above 4%. The Fed is about to accelerate its balance sheet tightening from September.
Bitcoin has dived out of the corrective ascending channel with a strong red candle.
The MACD shows lows of upward momentum
The RSI shows failed downtrend breakout.
Sell 21,210 target $16K Stops above $24,000
Fed fears have returned to the market. Most advanced nation central banks are now toying with the idea of raising rates well above 4%. The Fed is about to accelerate its balance sheet tightening from September.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.