JonRulz

Bitcoin, will it pull BACK?!

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COINBASE:BTCUSD   比特幣
If we look at anywhere between the 1 hour chart, and the 1 day chart, It looks bearish. Momentum is slowing down, u can see it with the RSI, MacD, bearish divergances, and It hit a CRITICAL resistance level at 20k. I don't find much reason to believe this will shoot pass 20k before a pull back. I believe the pullback will be significant, atleast in the 14000's because if we look at anything above the 1 day chart, bitcoin is doing significantly well, and even a pullback to 14000s, it will still look like it's doing well. I believe in the long term, but not the short term.

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