Bitcoin Faces Resistance With Bearish Indicators
Updated
Bitcoin (BTCUSD) has been facing resistance around the $14,000 price level... If this level isn't conquered fast Bitcoin's prices can drop.
Here we have a higher high on BTCUSD, yet we have a lower high on the RSI, marking bearish divergence.
The MACD looks like it peaked and it is starting to trend lower:
NOTE: The technicals are still bullish, prices trading above EMA10 for example but the above are what I call "early-signals"...
The RSI is also trending lower now.
This is the daily timeframe and Bitcoin remains above EMA10 and EMA50, which means that the bulls are still in control.
But if $14,000 can't be taken out and we prices starting to drop, we are likely to see a test of $12100+ or even lower...
Let's have a closer look at the 4H timeframe for more...
(Hit LIKE and leave a comment if you would like to see the 4H timeframe chart analysis).
Namaste.
Here we have a higher high on BTCUSD, yet we have a lower high on the RSI, marking bearish divergence.
The MACD looks like it peaked and it is starting to trend lower:
NOTE: The technicals are still bullish, prices trading above EMA10 for example but the above are what I call "early-signals"...
The RSI is also trending lower now.
This is the daily timeframe and Bitcoin remains above EMA10 and EMA50, which means that the bulls are still in control.
But if $14,000 can't be taken out and we prices starting to drop, we are likely to see a test of $12100+ or even lower...
Let's have a closer look at the 4H timeframe for more...
(Hit LIKE and leave a comment if you would like to see the 4H timeframe chart analysis).
Namaste.
Note
🅱️ Bitcoin Aims At EMA100 ($13000) Short-Term Analysis
As promised...
Also, you can find some altcoins here which will start to grow soon.
✳️ Secret Network (SCRT) Mapped (80%, 200% & Beyond)
💾 Gold Spot (XAU) Going Bearish...
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Note
🅱️ THE BULLS WIN | Bitcoin Going For A New All-Time High ($19,000+)
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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