BTC Fall is sparked

16 lip 2021

Bitcoin's broken out of the bottom of our descending triangle and is looking pretty shaky as of right now. looking at the RSI we blew right through the uptrend support and we are now falling towards the bottom of the RSI channel, still a bit away from oversold aswell. Also yesterday we saw a bearish cross on the daily MACD but we aren't seeing much separation in the MA's so that is something to watch. Something that is a little worrying for BTC as of right now is the bollinger bands, we are directly sitting on the bottom band and we definitely see a big dragdown if this continues. I think we are going to see this pullback and i think it is pretty likely that we see a 28K atleast BTC price, from there if thats all that we fall i would say we will see a pretty quick recovery. Not financial advice just my opinion!