BTC is very weak last days.
On a weekly chart there's a clear divergence on MACD, which means the momentum was not strong enough, but the price was pushed higher than before.
In case if we close this week and next week below 60k, there's a huge chance to go lower.
Watch the trend line, if it gets squeezed, the breakdown in unavoidable.
The worst possible scenario for BTC if we break 30k and close monthly candle below 30k. I will get into in when the time comes.
On a weekly chart there's a clear divergence on MACD, which means the momentum was not strong enough, but the price was pushed higher than before.
In case if we close this week and next week below 60k, there's a huge chance to go lower.
Watch the trend line, if it gets squeezed, the breakdown in unavoidable.
The worst possible scenario for BTC if we break 30k and close monthly candle below 30k. I will get into in when the time comes.