BCH/USD pair and Bitcoin analysis (#9)

Bitcoin will start to turn downwards to levels between $7000 and $7500. There is some clues to that move in the charts.

MACD and RSI is in divergence with BTC price. Willians fractals is appearing in higher lows and hights. Downtrend change is now highly possible.  

Support levels will be forming just below $7500 at previous significant low or lower between $7250 and $7000 as price will approach to the MA90 moving average.

For long term holders no action may be taken, but for those who enter a week ago it is wise to book some profits.

BCH is hovering around $1175 and nothing much happens at the moment.

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Image sources: Investing.com

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