BTC - Rising Wedge, Bearish Divergence..
Bitcoin shows 2 signs of a correction coming on.
1) Bearish Divergence, the Relative Strength Index has shown a decreasing buying pressure as the price has skyrocketed. This points to Bitcoin having a Cool off period.
2) A rising wedge pattern, at which BTC will drop out of the bottom of at some point.
Just a heads up.
Target price if this breaks downwards = $20,000 - $21,000
1) Bearish Divergence, the Relative Strength Index has shown a decreasing buying pressure as the price has skyrocketed. This points to Bitcoin having a Cool off period.
2) A rising wedge pattern, at which BTC will drop out of the bottom of at some point.
Just a heads up.
Target price if this breaks downwards = $20,000 - $21,000
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