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CivilisedWolf

Bitcoin likely to retrace to last support (12500)

Short
Bitcoin (BITFINEX:BTCUSD)  
CivilisedWolf  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Technical Indicators Bitcoin (Cryptocurrency) rally short BTC BTCUSD moon analysischart
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Bitcoin is likely to retrace back to 12500. The RSi prints a bearish divergence on the daily timeframe.
14k is strong resistance.

The zone between 12000 and 12500 would be the best to start looking for longs again.

This analysis is invalidated if we can close a full daily candle above 14k.
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