* Bitcoin in Daily time frame is forming a Rising wedge pattern.
* If the price breaks the Rising wedge pattern we can expect a drop till it's important support around $58,000 or till the below major trendline.
* RSI bearish divergence also appeared on Bitcoin, Divergence appears when there is no longer the same momentum between price and the RSI indicator.
* If the price breaks the Rising wedge pattern we can expect a drop till it's important support around $58,000 or till the below major trendline.
* RSI bearish divergence also appeared on Bitcoin, Divergence appears when there is no longer the same momentum between price and the RSI indicator.
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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.