Bitcoin / TetherUS
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Bitcoin Correction of May 2021

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Call me a bear, but RSI descending channel tells me that correction is around the corner as we have had similar correction in Feb, Mar and Apr 2021 with similar patterns. Except this time, we are no longer on top of the trend line.

We recently exited the trend line after making ATH (C) and therefore ATH (D) become unlikely mainly due to the current RSI levels being very close to the descending channel and falling to 40K become more likely.

What do you think is coming next? 80K or 40K?

Cheers,
QashX

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