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Crypto-Swing
Apr 2, 2023 2:54 AM

Bitcoin - A higher-higher? Short

Bitcoin / TetherUSBinance

Description

With the Price Divergence growing stronger in the RSI, MACD and Volume, the recent peak to 29.1k in BTC looks like a point from which to correct.

In this study, I show the convergence at the $25.5 zone of the 0.5 level of the rising channel, the 1W200MA, the 1D50MA, the 0.618 level of the rally to 29.1k and the Unconfirmed Support level at 25.2k.

What do you think, are we in for a 10%+ correction to test the unconfirmed support level around 25.2k? Seems so to me.
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