The post Crypto News Live-Hidden Bearish Discovered in Bitcoin (BTC) Price! What’s Next? appeared first on Coinpedia Fintech News
Crypto markets today have been fairly trading under the bullish influence which was fueled by the latest CPI price which was lowered to 6.5%. The Bitcoin (BTC) price began rising high with the speculations of the latest CPI rates, which surged magnificently on the announcement. Now that the inflation rates have been lowered, it could be a bearish signal for the crypto space.
Bitcoin price is currently trading very close to $19,000 and may even rise beyond these levels any time from now. However, the bears appear to have held the levels above $19,500 and hence the possibility of rejection haunts the BTC price rally.
A well-known analyst called AnonymousCrypto Predictions discovered the hidden bearish divergence and believes the price may slide down to form new bottoms very soon.
Compare it to now.. We could actually still close under resistance with the RSI now believe it or not but if we don’t then Im still confident we will make new lows because of the clear Hidden Bearish Divergence.. pic.twitter.com/b6TJJbr0qX
— Anonymous Crypto Predictions
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