Bitcoin is displaying bearish divergence on the RSI. The divergence suggests that the bulls have exhausted their momentum, and the price will correct to reset the over-brought indicators before any further major price moves.
Commento:
It may be possible that Bitcoin's retracement to be shallow. The price could form a triangle instead. The indicators would be reset, and it would be seen as a bull flag.
Trade chiuso manualmente:
It appears that Bitcoin is forming an ascending triangle, which is a bull flag.