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After yesterdays bearish divergence on the higher timeframes (4h mainly) we see that the price took a turn for the worse.
After a month of nonstop bullishness, it looks as though we may have a corrective/cooldown phase ahead.
In terms of fundamentals, if the next weeks plays out anything like the weeks before the last forks. We could see some serious choppy...
After the 4h ppo top materialized we have slowly seen the price continue to push despite lower buy volume. Now the 2h has a bearish divergence as well. Only time will tell whether bitcoin can continue to push up with so many people sweating to hit the red button first.
4h broke above resistance and is riding log trendline so far. Only thing worrisome is the volume. This is usually the point where traders begin taking profits. Hard to believe we were at 3k last month. I'm hoping we can continue up, as the fall from space would be a long fall.