A Possible Path based on "Divergence Chain" for Bitcoin

BTCUSD

#BITCOIN broke the uptrend line (green line) in the late June 2021 and these days it's pullbacking to it. A divergence (blue line) can be seen in the last days move which could lead to a divergence chain; so, a possible path for Bitcoin could be a sideways trend together with a divergence chain, like the one happened from late Feb to early May 2021; then, a decline at least to 38,000 USD.

• Invalidation conditions: Either breaking the downtrend in RSI (blue line) or rebreaking the uptrend (green line) in the price chart and go beyond that.
  
  
• DISCLAIMER: This analysis is not a financial advice.