Bearish Divergence on Daily BTC Chart and SMA200/W Resistance
If we look at the current situation, we are faced with an unexpected rise in the BTC table, considering both the USA inflation data, the global markets and the US Dollar Index.
We've come to the resistance zone of an already rising channel, as if that wasn't enough, there is a weekly period death cross presence. In addition, there was a serious negative mismatch between the price and the relative strength index in the daily timeframe.
Considering these data, it would not be surprising if the price tries the channel subband 18.5K from this point.
We've come to the resistance zone of an already rising channel, as if that wasn't enough, there is a weekly period death cross presence. In addition, there was a serious negative mismatch between the price and the relative strength index in the daily timeframe.
Considering these data, it would not be surprising if the price tries the channel subband 18.5K from this point.
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