We'll see if bitcoin can hold on and break back above this trendline. So far this looks like a backtest before further declines. RSI and MACD divergence is appearing on daily chart, and PI cycle top indicator is the closest it's been this cycle. I am short-term bearish on bitcoin, and would welcome a healthy correction before moving back up.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.