BTC will most likely not break ATH today!
2024-11-20

BTC is in an ascending triangle pattern on the 4h timeframe. While many are anticipating that BTC will break ATH again and go to 100k, I don't think that this is going to happen today or tomorrow. 

Looking into the RSI, I can see that there is a bear divergence that will push BTC back down again. Looking into the ADX it is at 14.69 which is really low to be able to break the ATH. 

The most likely scenario is that BTC will go back to retest its 89-90k support level once more. Failure to hold this support level can push BTC further down to the 74-75k level again. 

What do you others think?