Bitcoin Monthly – Double Top + Bearish Divergence (MACD & RSI) | Bull Cycle Over? [/b
Technical Breakdown:
We're witnessing strong signals that the Bitcoin bull cycle could be over. Here's why:
1. Monthly Double Top
Price has failed to break convincingly above the previous ATH 112k
Two clear peaks on the monthly chart, forming a classic double top pattern.
2. Bearish Divergence – RSI & MACD
MACD and RSI: Lower highs while price made equal/higher highs → Momentum weakening.
Trend reversal likely - level to watch 89k breaking this bullish trend line level, bitty will be shifting to a bearish trend..
It's too early and too bold to short and call the top is in — you need to trust your chart.
The permabulls won’t like this — but charts don’t bend to hopium
Technical Breakdown:
We're witnessing strong signals that the Bitcoin bull cycle could be over. Here's why:
1. Monthly Double Top
Price has failed to break convincingly above the previous ATH 112k
Two clear peaks on the monthly chart, forming a classic double top pattern.
2. Bearish Divergence – RSI & MACD
MACD and RSI: Lower highs while price made equal/higher highs → Momentum weakening.
Trend reversal likely - level to watch 89k breaking this bullish trend line level, bitty will be shifting to a bearish trend..
It's too early and too bold to short and call the top is in — you need to trust your chart.
The permabulls won’t like this — but charts don’t bend to hopium
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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.
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.