Chart BTC/USD in daily shows 3 bearish divergences between RSI and USD prices. Current price and lack of volume show sign of weakness.
Support 1: $56 000
Support 2: $51 300
Support 3: $45 300
An invalidation of these div. is still possible but I expect a pullback at least to the first support.
BTC needs to breathe and consolidate before to go higher.
A consolidation of BTC would permit an « alt season » with big pump of major alts in the next days, followed by mid caps and small caps later 🚀
Support 1: $56 000
Support 2: $51 300
Support 3: $45 300
An invalidation of these div. is still possible but I expect a pullback at least to the first support.
BTC needs to breathe and consolidate before to go higher.
A consolidation of BTC would permit an « alt season » with big pump of major alts in the next days, followed by mid caps and small caps later 🚀