Monthly Chart on Bitcoin signals Macro Top Reversal
With only a few days remaining this month, the monthly chart on Bitcoin is setting up to be very bearish:
- As price action has gone up, Market Cipher B is printing a red Sell signal on the 1M chart, signaling a macro top reversal.
- If this monthly closure confirms another macro top, bearish divergence will confirm on RSI (top half) and Momentum (bottom half).
- Money Flow is also going down, and the VWAP shows a negative decline.
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