🚨Bitcoin Technical Picture
A bearish divergence has formed on the 14-week RSI chart of the first cryptocurrency. A similar situation was observed after reaching the ATH of 2021.
The cancellation of the signal will occur in the event of a breakdown of the downtrend line indicator, the publication specified.
Recall that in the next two months, digital gold will rise in price to $112,000-130,000 due to the acceleration of the inflow of institutional funds and a change in sentiment towards risk-taking, according to Standard Chartered.
Earlier, analyst and founder of MN Trading Michael van de Poppe predicted volatility and a new maximum for Bitcoin in February.
