BTC - when will the sellers come? Early signals of bearish bias.
The weekly perspective is very clear, but will it work?
BTC has reached the top of the price channel.
BTC has entered the distribution area around 53k.
BTC is showing a bearish divergence on the weekly RSI.
BTC has been rising without any major correction since September 2023.
BTC has completed 3 waves of growth.
Will there be enough capital to push BTC to 0.786 fibo and then to ATH?
This will become clear in the coming days.
At the moment, without a correction, any upward move will only increases the risk of a sudden sell-off.
BTC has reached the top of the price channel.
BTC has entered the distribution area around 53k.
BTC is showing a bearish divergence on the weekly RSI.
BTC has been rising without any major correction since September 2023.
BTC has completed 3 waves of growth.
Will there be enough capital to push BTC to 0.786 fibo and then to ATH?
This will become clear in the coming days.
At the moment, without a correction, any upward move will only increases the risk of a sudden sell-off.
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.