Negative Divergences on Bitcoin Price Chart Before 2024

Even Bitcoin price went up form 25K to 44K at the end of 2023, There are lots of negative divergences on Bitcoin price chart. It was very bullish move at the finish of this year. 2024 may be start as bearish for Bitcoin and crypto market.

Here you can see daily chart of Bitcoin. I drew the negative divergences on Bitcoin chart. Bitcoin price went up but the top line of RSI Indicators did not go up as price. There are lower highs on RSI Indicator. I drew same scenario happened on Bitcoin price chart. That means big correction is coming soon..

Lots of Investors are waiting for ETF new at the beginning of 2024. But Technical analysis says It will happen...

You can compare same divergences between March 2023 and now.

There is bullish curve support line Bitcoin price chart. But It may be time to break down.. Bitcoin price went up as parabolic but Bitcoin price lost power in last days..

MACD Indicator is going down. Big red candle may happen If MACD Indicator goes down 0 level..

I think we will see bearish moves oon Bitcoin at the beginning of 2024..

Divergences will make Bitcoin price down..

Posted Using InLeo Alpha