Bitcoin Breaks Down Towards $6100
Updated
The Bitcoin price has been increasing rapidly over the past two days. The price reached a high of nearly $7000 before decreasing slightly.
There has been significant bearish divergence developing in both the RSI & the MACD.
The price is currently testing the range lows and I believe it will soon break down and head towards the next support area at $6100.
Please leave a LIKE if you enjoy my analysis.
There has been significant bearish divergence developing in both the RSI & the MACD.
The price is currently testing the range lows and I believe it will soon break down and head towards the next support area at $6100.
Please leave a LIKE if you enjoy my analysis.
Trade closed: target reached
Target reached sooner than expected.
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.