Bearish outlook on Bitcoin
It looks a lot like we have a round top for BTC, it's struggling having higher highs and volume is constantly decreasing, which means that there are less and less buyers at the current price. Not only that, as we can see there are divergencies on the RSI, MFI (a very strange compression too) and the MACD.
It is a very plausible scenario that it could fall from here after having hit the previous ATH, support levels to take look at and possible targets are: 14K, 12K, 10K (there is a CME gap to be filled at 9.8K, and 9 times on 10 they have been, so...)
It is a very plausible scenario that it could fall from here after having hit the previous ATH, support levels to take look at and possible targets are: 14K, 12K, 10K (there is a CME gap to be filled at 9.8K, and 9 times on 10 they have been, so...)
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