Bitcoin has been steadily rising for a about 2 months.
We are seeing bearish divergence on the Daily and 4 hour time frames.
Daily:
4 hour:
Seeing that we've been rising for so long, BTC likely needs a breather.
Based on the divergence and fact that we are oversold (Weekly),
I see btc going lower in the coming days / week.
The current trendline and 200 day moving average seem to coincide at 28-31k.
That is likely where i feel we will land.
let me know your thoughts.
We are seeing bearish divergence on the Daily and 4 hour time frames.
Daily:
4 hour:
Seeing that we've been rising for so long, BTC likely needs a breather.
Based on the divergence and fact that we are oversold (Weekly),
I see btc going lower in the coming days / week.
The current trendline and 200 day moving average seem to coincide at 28-31k.
That is likely where i feel we will land.
let me know your thoughts.
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