It’s just about to be overbought on the RSI and it’s got a lot of room to go down. Granted it’s just after the halving and a second stimulus may be on the way. But I think we will have ourselves one massive bear before a great bull run. Small change that it could go up to 10k like everyone would like but it’s having trouble with the first daily resistance point.
While I agree that the sentiment is turning bearish in the short run, a H&S here seems forced.
pinski121
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I was just looking at H&S myself then came to see if anyone else had the same idea. General sentiment is kind of bearish from here in the short term at least. I was expecting another push for 10k.