Bitcoin's three-day chart shows:
Bitcoin has dived out of the corrective ascending channel with a strong red candle.
The MACD shows lows of upward momentum
The RSI shows failed downtrend breakout.
Sell @21,210 target $16K Stops above $24,000
Fed fears have returned to the market. Most advanced nation central banks are now toying with the idea of raising rates well above 4%. The Fed is about to accelerate its balance sheet tightening from September.
Bitcoin has dived out of the corrective ascending channel with a strong red candle.
The MACD shows lows of upward momentum
The RSI shows failed downtrend breakout.
Sell @21,210 target $16K Stops above $24,000
Fed fears have returned to the market. Most advanced nation central banks are now toying with the idea of raising rates well above 4%. The Fed is about to accelerate its balance sheet tightening from September.