Bulls seem exhausted at this point, bearish short term view:
- Bearish divergence RSI
- Back under the 200 Daily MA
- Positive funding
- H&S formation target met
Mid term view:
Possible giant inv. H&S formation with right shoulder bottom target of 7450 (CME Gap)
Measured move from this formation would give enough juice to BTC to break the 10k
Long term:
After the 10K breach of major downwards trend line and opening towards ATH after halving.
- Bearish divergence RSI
- Back under the 200 Daily MA
- Positive funding
- H&S formation target met
Mid term view:
Possible giant inv. H&S formation with right shoulder bottom target of 7450 (CME Gap)
Measured move from this formation would give enough juice to BTC to break the 10k
Long term:
After the 10K breach of major downwards trend line and opening towards ATH after halving.
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