The bitcoin price is reaching higher highs while the RSI is producing lower highs. It appears that bullish inertia is the only force driving the price higher in the short term, and traders are losing hope as we approach 30k. This may be the first technical indication that we're about to see a retracement. Still crazy bullish in the long term.
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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.