coinkritik

Negative Divergence and Bear Flag For Bitcoin

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COINBASE:BTCUSD   Bitcoin
After FTX crash Bitcoin has started to accumulation but at this time volume is dropping and it is strongly bearish signal for BTC. First drop after FTX crash is 15400 for BTC. it looks like we will test this level any time soon. If Bitcoin break this level the target of the bear flag is between 13-14K.


FED interest rate is important but for the mid term Bitcoin price very like to test 13-14k level. The key is volume. even though if bitcoin goes up, if the volume goes down, things are not going well for bitcoin.

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