Hello everyone!
Jumping straight into it we can see $btc uptrend is fading (less candles each move up) into consolidation above the 200 day MA (In red).
Additionally, volume has been declining and we are playing out a short term bearish divergence I spotted last week.
The bearish divergence can bring us down to 44.5 -45k range and still be in a healthy spot.
What do you all think will happen?
Jumping straight into it we can see $btc uptrend is fading (less candles each move up) into consolidation above the 200 day MA (In red).
Additionally, volume has been declining and we are playing out a short term bearish divergence I spotted last week.
The bearish divergence can bring us down to 44.5 -45k range and still be in a healthy spot.
What do you all think will happen?