BBTC/USDT is showing some concern on the monthly chart as price has broken below the rising wedge and is now retesting a major demand zone. Losing this zone could trigger a deeper correction.
At the same time, RSI is showing a clear multi-year bearish divergence, highlighting weakening momentum.
Until BTC reclaims the wedge support or closes back above the resistance band, downside risk remains elevated.
DYOR, NFA
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At the same time, RSI is showing a clear multi-year bearish divergence, highlighting weakening momentum.
Until BTC reclaims the wedge support or closes back above the resistance band, downside risk remains elevated.
DYOR, NFA
Please hit the like button if you like it, and share your views in the comments section.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.