What's up fellow peeps on Publish0x, late happy easter holidays and best wishes to you all!
Now lets get straight into the topic!
Just as the future markets opened a few hours ago all the Big markets dropped of their hights from last weeks close. S&P500, Dow Jones, WTI Oil all went down into the red. But let's talk about Bitcoin here! 
As you can see the Bitcoin market is in a clear downtrend on the 1 Day chart, also the price lost it's Wedge Pattern - on a strong 61.8% retracement on the Fibonacci scale - (which when breaking to the downside is bearish - means selling will occur) the meassured move from breaking down gives us a target of around $4990 so let's say $5k for an easier level.
In the past Bitcoin has never bottomed or topped WITHOUT a divergence on the RSI, as shown in this chart right here!
Sooo what should we expect? Well the probability is that we repeat the past again. It would surprise me if bitcoin acts different this time. But in those times of uncertainty we don't know what's coming. Only time will tell.
Stay safe, Stay healthy and enjoy Life!
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Do NOT trade based on what you see in this analysis. You should only trade based on your knowledge, experience, and risk as a trader. This information is for educational purpose only. Trading in any market contains a high degree of risk. Always seek advice from a licensed financial planner or adviser.
