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Winter Is Coming: BTC Drops Together With ℃

Dec 2, 2019

Winter is coming. The BTC price began to decline. It exited the rising wedge on the hourly chart.

It is worth paying attention to divergences, formed on 2 technical indicators: RSI and MACD. This situation indicates a local reversal. Someone began to accumulate long positions in the BTC/USDT pair.

Remember, exit from the wedge can send the price to test the 6600 level once again. If the bears fail to break through this level, we will see a possible reversal of the global trend.

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