OmiFX8

Bitcoin intraday outlook

COINBASE:BTCUSD   Bitcoin
4-hour chart shows triple top at $46K plus bearish divergence of the RSI...

RSI diving out of an ascending trendline

10y yield fast rising toward year-to-date highs on impending Fed taper.

BTC could soon revisit $52K-$50K before resuming the uptrend.

An hourly close above $46K would weaken case for pullback.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.