JonRulz

Bitcoin, will it pull BACK?!

Short
COINBASE:BTCUSD   Bitcoin
If we look at anywhere between the 1 hour chart, and the 1 day chart, It looks bearish. Momentum is slowing down, u can see it with the RSI, MacD, bearish divergances, and It hit a CRITICAL resistance level at 20k. I don't find much reason to believe this will shoot pass 20k before a pull back. I believe the pullback will be significant, atleast in the 14000's because if we look at anything above the 1 day chart, bitcoin is doing significantly well, and even a pullback to 14000s, it will still look like it's doing well. I believe in the long term, but not the short term.

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.