$BTC pumped from $68k along the ascending channel all the way to $82k, but now it's wobbling around $78k a bit. The channel structure still looks solid, but the RSI has clearly shown a bearish divergence; while the price hits new highs, it's getting weaker. Feels like the momentum just isn't keeping up.
What do you all think? Is the channel still valid for another leg up? Or do we need to retest the lower boundary ($73-$75k range) to shake things out before making another move?
I'm really on the fence right now, would love to hear everyone's honest views, let's get the bulls and the techies to battle it out 🔥#BTC
What do you all think? Is the channel still valid for another leg up? Or do we need to retest the lower boundary ($73-$75k range) to shake things out before making another move?
I'm really on the fence right now, would love to hear everyone's honest views, let's get the bulls and the techies to battle it out 🔥#BTC