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BitcoinMaximus1

Bitcoin Breaks Down Towards $6100

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
BitcoinMaximus1 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) bitcoinprice bitcoindollar bitcoinshort btcshort bitcoinshorts btcshorts bearishdivergence
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trendanalysis chartpattern indicator bitcoin bitcoinprice bitcoindollar bitcoinshort btcshort bitcoinshorts btcshorts bearishdivergence
The Bitcoin price has been increasing rapidly over the past two days. The price reached a high of nearly $7000 before decreasing slightly.

There has been significant bearish divergence developing in both the RSI & the MACD.

The price is currently testing the range lows and I believe it will soon break down and head towards the next support area at $6100.

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Trade closed: target reached:
Target reached sooner than expected.
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