BTC appears to be approaching the end of a rising wedge and may need to consolidate after reaching ATH's. Price has been unable to break and maintain $60k and appears to be nearing its reversal point. It will likely test $60k in the near term before drastically correcting.
It also appears to be indicating a classical Bearish divergence on MACD & RSI, both of which are demonstrating lower highs in contrast to the price momentum. Again, it may break upwards in the near-term, but a significant downside trend seems to be approaching.
BTCUSD
Kommentera:
Target broke exactly as predicted. Guessing some sideways momentum & gradual decline ahead, until the consolidation period ends