Bitcoin's RSI bearish divergence? or room for growth!
We can see a bearish divergence in the 1D RSI, we also see the price already over the top of the daily bollinger band and if we look in the 4H and 1H timeframe we see a very high RSI which is probably bound for a correction.
I expect bitcoin to retrace a little bit around the 59.5k level touching the lower trendline and subsequently making a move upwards into the 68k level. Even still, i think bitcoin could even stretch this small run into the 65k (touching the fib extension) level before actually correcting.
This is not financial advice, I encourage you to make your own reaserch and share your findings so we can all learn!.
P.D
I miss the days where bitcoin could correct 50% in one day ;'(, it was a lot of fun
I expect bitcoin to retrace a little bit around the 59.5k level touching the lower trendline and subsequently making a move upwards into the 68k level. Even still, i think bitcoin could even stretch this small run into the 65k (touching the fib extension) level before actually correcting.
This is not financial advice, I encourage you to make your own reaserch and share your findings so we can all learn!.
P.D
I miss the days where bitcoin could correct 50% in one day ;'(, it was a lot of fun
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