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09.11.202314:54 विदेशी मुद्रा विश्लेषण और समीक्षा: Technical analysis on Bitcoin for November 9th, 2023.

Exchange Rates 09.11.2023 analysis

Blue lines- bearish RSI divergence

Red line- support trend line

Green rectangle- overbought area

Bitcoin is trading around $36,800 making new higher highs. Short-term trend remains bullish as price continues making higher highs and higher lows. Despite the new higher high in price, the RSI did not follow and provided us with a second lower high. This bearish divergence should not be ignored. At current levels above $36,500 we prefer to be neutral Bitcoin as the chances of a reversal have increased and the RSI implies the weakening up trend. Short-term trend remains controlled by the bulls. Short-term support is found at $34,530 and a break below this level could be the signal for a short-term pull back at least.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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