Bitcoin is sitting on critical support.
1) There is bearish divergence on the daily chart and on the 4hr chart RSI.
2) On balance volume confirming bullish top is reached.
3) MACD slowing turning bearish also.
My prediction = after sitting on support, Bitcoin will break downwards. Buy in levels based on Fibonacci but wait for confirmation. Prices could go as low as 4k. First real support around 7k.
1) There is bearish divergence on the daily chart and on the 4hr chart RSI.
2) On balance volume confirming bullish top is reached.
3) MACD slowing turning bearish also.
My prediction = after sitting on support, Bitcoin will break downwards. Buy in levels based on Fibonacci but wait for confirmation. Prices could go as low as 4k. First real support around 7k.