Bitcoin seems to be overbought right now, and here's why:
1) Price and RSI have formed a TRIPLE bearish divergence (4H TF)
2) BTC and trading volumes also form a clear bearish divergence (4H TF)
3) The growth occurred abruptly, sharply, with wide candles.
I think this is a great entry point for a reversal move, that Bitcoin will go down at least to the point of control (POC), if the price will fix under the upper boundary of the current zone.
1) Price and RSI have formed a TRIPLE bearish divergence (4H TF)
2) BTC and trading volumes also form a clear bearish divergence (4H TF)
3) The growth occurred abruptly, sharply, with wide candles.
I think this is a great entry point for a reversal move, that Bitcoin will go down at least to the point of control (POC), if the price will fix under the upper boundary of the current zone.
