FinCodeToad

RSI Bearish Divergence

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BITSTAMP:BTCUSD   ビットコイン/米ドル
BTC/USD is fundamentally a long bet, but I suspect some more selling. The RSI has significantly diverged down as the BTC gained momentum meaning buyers are losing steam. I would expect at least a pullback to the 50MA as the main level to watch. BTC also showed a similar RSI divergence in the beginning of 2023.

The oscillators confirm the downward movement.

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