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18.06.201916:26 Forex Analysis & Reviews: Bitcoin shows bearish divergence signs

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Bitcoin has many chances of marking a top above $9,000. The RSI is showing bearish divergence signs and that is an important warning for bulls. Price could be at the end of the bullish run from $3,000.

Blue lines - bearish divergence sign

Bitcoin is in a bullish medium and short-term trend. This divergence is just a warning and not a reversal signal. Support is found at $8,800 and next at $7,400. Breaking below $7,400 will confirm a major top is in. Trading above $9,000 I consider that is a good place for bulls to take at least short-term profits and wait for the pull back.

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