[Bitcoin] bear market signals ?
Currently we can observe several bearish signals on Bitcoin:
- a great wave of Wolfe, bearish
- a very clear bearish MACD divergence
- a strong resistance zone around $60K
- a regular increase in institutional short positions (COT report)
- a significant drop in volumes
- a huge bearish RSI divergence in weekly
- a weekly MACD bearish cross
If a sharp decline begins in the next few days, from my point of view there will be a likelihood of a market reversal.
This publication is a trend hypothesis.
- a great wave of Wolfe, bearish
- a very clear bearish MACD divergence
- a strong resistance zone around $60K
- a regular increase in institutional short positions (COT report)
- a significant drop in volumes
- a huge bearish RSI divergence in weekly
- a weekly MACD bearish cross
If a sharp decline begins in the next few days, from my point of view there will be a likelihood of a market reversal.
This publication is a trend hypothesis.
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![[Bitcoin] bear market signals (update)](https://s3.tradingview.com/y/YE2sIlqX_big.png)
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