🐝 BTC MONTHLY UPDATE

2020年11月13日

So, we have the following situation — Bitcoin can easily form a bearish divergence on a monthly chart if the candle closes above the $16400 level.

There are two possible options:
1. We use the rest of November to pump as high as possible, then divergence will be formed and December would be bearish for Bitcoin that will correct after such a sharp growth
2. The price stays below $16400 - $17000 zone by the end of the month, then December would be bullish and Bitcoin will grow with almost no correction during the whole month