Bitcoin / TetherUS
Short

BTC - when will the sellers come? Early signals of bearish bias.

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The weekly perspective is very clear, but will it work?


BTC has reached the top of the price channel.
BTC has entered the distribution area around 53k.
BTC is showing a bearish divergence on the weekly RSI.
BTC has been rising without any major correction since September 2023.
BTC has completed 3 waves of growth.

Will there be enough capital to push BTC to 0.786 fibo and then to ATH?
This will become clear in the coming days.
At the moment, without a correction, any upward move will only increases the risk of a sudden sell-off.

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