BTCUSDT: Bears commencing the start of a Dump 🐻Break 40k first

This is just my analysis and predictions on BTCUSD. Do your own research.

Bitcoin's bull run from Mid-July to Early September gave us an 80% rise in price. But that bull run could be over. There are many bearish signals that indicate the end of the bull run.

1. There is a confirmed bearish Head And Shoulders(H&S) Pattern, confirmed on the Sept. 21 candle. The confirming candle was accompanied with very high volume.

2. Lower Highs and Lower Lows may mean a downtrend in price.

3. RSI Bearish Divergence at the Peak of the bull run, strengthens the possibility of a dump.

4. 200 Day MA Turned into resistance. Broken on the September 20 candle and became a confirmed resistance 4 days later

BTCUSD needs to break the 40k support if this bear run will truly start. 40k is a strong number. Let's see how this goes.

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