Bearish Divergence on Daily BTC Chart and Channel Resistance

Updated
If we look at the current situation, we are faced with an unexpected rise in the BTC table, considering both the USA inflation data, the global markets and the US Dollar Index .

We've come to the resistance zone of an already rising channel , as if that wasn't enough, there is a weekly period death cross presence. In addition, there was a serious negative mismatch between the price and the relative strength index in the daily timeframe .

Considering these data, it would not be surprising if the price tries the channel subband 18.5K from this point.
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The 50-day exponential moving average price has stalled for a bit.
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Support is broken.
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Downtrend accepted!
Comment
Strong Resistance Reached
Beyond Technical AnalysisBTCdeathcrossTechnical IndicatorsmovingavarageParallel ChannelshortsmaSupport and ResistancetrendTrend Analysis

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