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Bitcoin likely to retrace to last support (12500)
Bitcoin is likely to retrace back to 12500. The RSi prints a bearish divergence on the daily timeframe.
14k is strong resistance.
The zone between 12000 and 12500 would be the best to start looking for longs again.
This analysis is invalidated if we can close a full daily candle above 14k.
14k is strong resistance.
The zone between 12000 and 12500 would be the best to start looking for longs again.
This analysis is invalidated if we can close a full daily candle above 14k.
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