Short

$BTC Bitcoin's Bearish Divergence

Updated

So far...
Bitcoin printed a massive falling wedge from June 2022 - Jan 2023.

Bitcoin price action broke out of the falling wedge in January 2023 to hit the height of $31500 in July 2023.

Currently price action is printing a higher high while the RSI print a Lower High.

There's a high probability of #bitcoin retracing as a bearish divergence has formed!

Current price: $29,150

Supports Below: 28,600, 26,700, 25,100, 23,500
Overhead resistance: 31,500

Note

support at 28,600 hit

Note

If cannot maintain support at 28,500 ...
then next support at 26, 700 will be tested!

Note

26,700 and 25,100 hit...
If cannot find support at 25,100 then 23,500 is next...
Current price: 26,075

Ifiok-2sydes

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