BTC 1D - Further Decline down to 40k

At this stage there are a couple of hints pointing towards a further decline in BTC price.

1) RSI Divergence
2) MACD cross

If we break through the first support level from December 2021 we are bound to see a further decrease in the price.

In today's trading session BTC failed to rally along with other risk-on assets. This is and should be a major concern for the bulls. It seems investors are skeptical and conservative... Who is left to buy BTC at this price levels.

I see BTC trading at the 40k levels at the end of this week or next week.

I will be loading my shorts in various altcoins and BTC and look for lower levels to buy for my long term portfolio.
BTCUSDFundamental AnalysisTechnical IndicatorsTrend Analysis

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