Bearish divergence $BTC 🔻
On the 4-hour chart, Bitcoin has already formed a bearish divergence.
This means that Bitcoin continues to rise and set new local highs, while the RSI (an indicator that shows the strength of price movement) is no longer rising with it.
As a rule, this divergence warns us of a possible pullback or downward reversal.
#btc
On the 4-hour chart, Bitcoin has already formed a bearish divergence.
This means that Bitcoin continues to rise and set new local highs, while the RSI (an indicator that shows the strength of price movement) is no longer rising with it.
As a rule, this divergence warns us of a possible pullback or downward reversal.
#btc
