BTCUSD the bearish cycle
BTCUSD Perpetual Contract BYBIT:BTCUSD
Currently the price is breaking the resistance level of 34k
If 34k break the next resistance level is 29k , we could see a low high from 29k if the price pulls back – in past there was price pull back
if the price fails to pull back from 29k the next resistance level is 20k – its possible since Macd showing end of bullish divergence and starting of bearish divergence
20k is possible if we continue to see bearish divergence in Macd – currently Macd is showing bearish divergence as well 50ma below 200ma
key level is 29k if 34k breaks
good luck…
