Three Reasons Why Bitcoin is Bearish, Explains Analyst

Bitcoin may have surged bombastically heading into 2020 but one analyst thinks the cryptocurrency is going to fall back.
Options trader Dyme said bitcoin is entering a “perfect bearish setup,” listing three converging negative indicators that hint a deep price retracement in the coming trading sessions. They are Rising Wedge, Bearish Divergence, and Overleveraged Longs.
“Everything about [the setup] screams short,” added Dyme.
Retracement Imminent
In retrospect, each indi