What's next for BTC?
Still building bearish divergence on the daily RSI, my expectations were surpassed, I thought it would go to 52.1k and stop there but we hit almost 52.4k, anyways here is my own opinion.
As we are building still bearish RSI I would argue that we have confirmed we are in the bear market now, my arrows show just Wyckoff redistribution. Expect a possible bounce to my trendlines and thus hitting a possible price target of 50.62k or a little more if done before my expectation. BTC has only lower to go after this rebound, it's a mirror from what happened in May so don't fall into the bull trap.
I can always be wrong, make your own ideas.
Happy trading.
As we are building still bearish RSI I would argue that we have confirmed we are in the bear market now, my arrows show just Wyckoff redistribution. Expect a possible bounce to my trendlines and thus hitting a possible price target of 50.62k or a little more if done before my expectation. BTC has only lower to go after this rebound, it's a mirror from what happened in May so don't fall into the bull trap.
I can always be wrong, make your own ideas.
Happy trading.
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