Bitcoin Faces Resistance With Bearish Indicators πŸ‡¬πŸ‡§

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) has been facing resistance around the $14,000 price level... If this level isn't conquered fast Bitcoin's prices can drop.

Here we have a higher high on BTCUSD , yet we have a lower high on the RSI , marking bearish divergence.

The MACD looks like it peaked and it is starting to trend lower:
NOTE: The technicals are still bullish , prices trading above EMA10 for example but the above are what I call "early-signals"...

The RSI is also trending lower now.

This is the daily timeframe and Bitcoin remains above EMA10 and EMA50, which means that the bulls are still in control.

But if $14,000 can't be taken out and we prices starting to drop, we are likely to see a test of $12100+ or even lower...
Let's have a closer look at the 4H timeframe for more...

(Hit LIKE and leave a comment if you would like to see the 4H timeframe chart analysis).

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