Bearish Divergence on Daily BTC Chart and Channel Resistance

Oleh the6ylal
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If we look at the current situation, we are faced with an unexpected rise in the BTC table, considering both the USA inflation data, the global markets and the US Dollar Index .

We've come to the resistance zone of an already rising channel , as if that wasn't enough, there is a weekly period death cross presence. In addition, there was a serious negative mismatch between the price and the relative strength index in the daily timeframe .

Considering these data, it would not be surprising if the price tries the channel subband 18.5K from this point.
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The 50-day exponential moving average price has stalled for a bit.
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Support is broken.
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Downtrend accepted!
Komentar
Strong Resistance Reached
Beyond Technical AnalysisBTCdeathcrossTechnical IndicatorsmovingavarageParallel ChannelshortsmaSupport and ResistancetrendTrend Analysis
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