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Red lines- bearish RSI divergence
Yellow rectangle- overbought levels
Bitcoin remains in a short-term bullish trend but traders need to be very cautious. The price continues for a second higher high but the RSI did not follow and instead provided a second lower high. Although technically the trend remains bullish, the RSI warns us that it is weakening. Short-term support is at yesterday's low at $22,328. A pull back is justified from current levels. Bulls should be patient for a pull back if they want to open new long positions.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
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