Bitcoin shows bearish sign on RSI.

12 thg 11, 2021

#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.

## Technical analysis:

. BTCUSDT was Moving in a Triangular channel then IT had a breakout.
. After Breakout It started Following parallel Channel.
. The price is now Below 50 EMA and 20 EMA.( BEARISH SIGN )

#Three Important KEY level Which May require A retesting.

KEY LEVEL 1:- Around $64000. ( Previous ATH )
KEY LEVEL 2:- Around $61500. ( DUE Retesting OF Triangular pattern after breakout) )
KEY LEVEL 3:- Around $60000. ( Lower Edge Of the parallel Channel )

Support Around $58500 Is very Strong.

#Bearish Sign.
.THE RSI made a Lower high and at the same time price movement made a higher high,
This kind of divergence is a BEARISH SIGN.
. Also Its Price is below 20&50 EMA which is also a BEARISH SIGN.

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