๐ฅ Bitcoin Showing Signs Of Danger: Bearish Divergence
Bitcoin has seem amazing price action over the last couple of weeks. I've been very bullish from the start, but seeing this strong bearish divergence makes me question whether we're due for a correction or not.
Seeing that we have three major central banks announcing their interest rates (US/EU/UK), I'd wager that we're likely going to see some bearish price action after 4 weeks of going up.
Mainly looking at the yellow areas for potential support. My longer-term view is still very bullish, but that doesn't mean we can fall 5%-10% from this point.
What do you think? Are we going to see a correction soon?
Seeing that we have three major central banks announcing their interest rates (US/EU/UK), I'd wager that we're likely going to see some bearish price action after 4 weeks of going up.
Mainly looking at the yellow areas for potential support. My longer-term view is still very bullish, but that doesn't mean we can fall 5%-10% from this point.
What do you think? Are we going to see a correction soon?
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