Price Z-Score 200d shows a bearish divergence⚠️ in its internal structure which could drive #BTC price to $75k and below.
In September, we identified correction signal for #Bitcoin after the indicator reached Overbought🔴 zone with a projected pullback to an initial target $78k down to support level at $71k — we are currently in middle of this move🤝 The expectation is that indicator will at least reach Neutral Zone while BTC price finds a new low. #BTC Price Analysis# #Macro Insights# #TechnicalAnalysis $BTC
In September, we identified correction signal for #Bitcoin after the indicator reached Overbought🔴 zone with a projected pullback to an initial target $78k down to support level at $71k — we are currently in middle of this move🤝 The expectation is that indicator will at least reach Neutral Zone while BTC price finds a new low. #BTC Price Analysis# #Macro Insights# #TechnicalAnalysis $BTC
