Bitcoin (XBT) 4h Chart Analysis

Bitcoin (XBTUSD) just hit a new peak... The last strong bearish candle is the confirmation signal.

1st June, Bitcoin hit a new high compared to the 30th of April, but when we look at the MACD strong divergence is there...

The same is also true for the RSI, which also broke below 50 (moving from strong to weak):

Prices can still go up... But right now the bears are in control and we are likely to see more low...
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Namaste.