BTC/USD Pattern and Momentum Analysis

14 בפבר׳ 2021

According to the 1hr chart, BTC is forming a rising wedge pattern as well as a bearish divergence from MACD and RSI indicators. With a bearish pattern and higher highs with dropping momentum, we should expect a drop in BTC prices over the next couple of days. Prediction of drop in price is only for the next couple of days since these bearish signals are on the magnitude of 1hr chart.