A Possible Path based on "Divergence Chain" for Bitcoin

#BITCOIN broke the uptrend line (green line) in the late June 2021 and these days it's pullbacking to it. A divergence (blue line) can be seen in the last days move which could lead to a divergence chain; so, a possible path for Bitcoin could be a sideways trend together with a divergence chain, like the one happened from late Feb to early May 2021; then, a decline at least to 38,000 USD.

Invalidation conditions: Either breaking the downtrend in RSI (blue line) or rebreaking the uptrend (green line) in the price chart and go beyond that.
DISCLAIMER: This analysis is not a financial advice.

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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.

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