THELOGICALINDIAN - Bitcoin Price Key Highlights
Bitcoin amount ability be in for a alteration from its recent rally, as the ascendance approach attrition is captivation as a barrier for now.
Bearish Divergence Signal
Profit-taking could booty place, with abstruse indicators suggesting that the contempo ascend is overdone. In particular, academic and RSI accept both formed lower highs while bitcoin amount fabricated college highs, creating a bearish alteration on the 4-hour chart.
Resistance about the antecedent highs or $290 could hold, arch bitcoin amount to bead appear the approach basal about $265. This is abutting to the 100 SMA, which ability authority as a activating articulation point.
Speaking of affective averages, the concise 100 SMA is still aloft the longer-term 200 SMA, which agency that the accepted trend could breach up. However, a breach beneath these indicators could be an aboriginal arresting that a changeabout is brewing.
Intraday abutment level – $265
Intraday attrition level – $290
Charts from TradingView
