BTC: The Dilemma of a Breakout or Rejection!
BTC is still struggling to break above the dotted trendline, technically forming a hidden bearish divergence. In my previous update, I mentioned that BTC must close above
64K on the daily chart to invalidate this hidden bearish divergence.At the moment, we are seeing a rejection, and the 100 EMA (yellow line) needs to be held as support. A breakdown below the 100 EMA could likely have a bearish impact on BTC.
Stay cautious and trade safely.
Always do your own research and analysis before investing.
Regards,
Team Dexter
#BTC #cryptocurrency #Altcoins #cryptomarket
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