BTC – Rallies but watch Bearish Divergence

After pulling back last week to a low of $62278 on November 12 and testing the trendline on our chart, the uptrend in Bitcoin resumed. Near term support is at Fib 0.382, above EMA 200. We have significant resistance at the All-Time High of $69000 set on November 10th. The concern here for Bulls is that the volumes are consistently decreasing even though the price is rising which has to lead to a Bearish Divergence on 4 hour chart which signals that the upside trend could be exhausting.