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BTC Bearish Divergence
Hello,
Over the last few days Bitcoin has been traded with extremely low volume. We can see that Bitcoin violated support level of $7520 and has since been traded below that level, also oscillators are showing anomalies against price i.e. bearish divergences. We can expect a burst in price and trading activity when Bollinger Bands come close to contracting or do contract. I expect the price to fall down to the support level of $7170.
Over the last few days Bitcoin has been traded with extremely low volume. We can see that Bitcoin violated support level of $7520 and has since been traded below that level, also oscillators are showing anomalies against price i.e. bearish divergences. We can expect a burst in price and trading activity when Bollinger Bands come close to contracting or do contract. I expect the price to fall down to the support level of $7170.
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