$btc #Bitcoin at a pivotal test on the weekly RSI

1 באפר׳ 2022

Watching for rejection of the RSI weekly trendline for this bull run. The bearish divergence on this timeframe is obvious but I feel the trendline is what to watch. If we can break through that trendline on the RSI I believe we can at least hit 52k till our next retest. These plays take a long time to work out due to the timeframe, but it shall be an interesting one as I feel that trendline is extreme resistance.

Coupled with the 50wSMA rolling over....Im more bearish.