I think that bitcoin has to touch once again the area of 6000$ and thus form a double bottom.
A triangle would be formed with the bearish trend line and with the support line of 6k.
I think this because of the divergence in the RSI of 4h:
After this, I expect again a rebound to try break the bearish trend line.
If the support of 6000$ is broken, be very careful.
Happy trade!
Feel free to support my trades and analysis. Thanks a lot :)
BTC: 2Epwp8WcEa1rAASEGUncKb13aq5jgLHNd
ETH: 0x82611808112428dc6A81477188f6D242b038ff0b
LTC: MDX4njFVGghAnDdWnqcumEZZCice5ada5L
A triangle would be formed with the bearish trend line and with the support line of 6k.
I think this because of the divergence in the RSI of 4h:
After this, I expect again a rebound to try break the bearish trend line.
If the support of 6000$ is broken, be very careful.
Happy trade!
Feel free to support my trades and analysis. Thanks a lot :)
BTC: 2Epwp8WcEa1rAASEGUncKb13aq5jgLHNd
ETH: 0x82611808112428dc6A81477188f6D242b038ff0b
LTC: MDX4njFVGghAnDdWnqcumEZZCice5ada5L
Comment:
RSI reached the red line with a price of 6800 currently. This analysis has been very precise at the moment. I expect a strong rebound in the next few hours.
It is possible that the price bounces before the $ 6000, between 6500 and 7000. In any case, I think the rsi should touch the red line before bouncing.