๐ฅ Bitcoin In Danger ๐จ Bearish Divergence Playing Out!
Last week I made an analysis on BTC's bearish divergence on the 3-day chart. Seeing the bearish price action we got recently, it seems that this bearish divergence is playing out well.
In my eyes, it's very likely that BTC will go down from here onwards. Next target is the dotted purple support line.
Seeing there's another FOMC interest announcement tomorrow, Bitcoin is in danger of breaking through said support in case the market doesn't like tomorrow's meeting. In that case, my expectation would be that the top for 2023 is in.
All eyes on tomorrow.
In my eyes, it's very likely that BTC will go down from here onwards. Next target is the dotted purple support line.
Seeing there's another FOMC interest announcement tomorrow, Bitcoin is in danger of breaking through said support in case the market doesn't like tomorrow's meeting. In that case, my expectation would be that the top for 2023 is in.
All eyes on tomorrow.
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