BTC Bearish divergence
It’s too early to tell but we might face a bearish divergence on the daily timeframe for Bitcoin soon. Once RSI breaks the trend line, one could potentially go short to the bottom of our macro channel. If that channel breaks, 22k (200 MA) is likely. If the divergence does not occur, prices could easily test the 34-35k levels.
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.