BTC update : weekly looking good. Daily not so.
Bitcoin is breaking through the major resistance line, now we need a few more days to see if it holds.
On daily chart, the RSI is overbought, means it may go down again. We hope that the resistance line now acts as support. I expect that BTC will go sideways for a while, which should be accompagnied with some ALT bull runs
On weekly chart, the RSI is oversold, it can take more days to recover, and the key point here is to watch it goes up again: when it does, you better buy bitcoin.
Best,
On daily chart, the RSI is overbought, means it may go down again. We hope that the resistance line now acts as support. I expect that BTC will go sideways for a while, which should be accompagnied with some ALT bull runs
On weekly chart, the RSI is oversold, it can take more days to recover, and the key point here is to watch it goes up again: when it does, you better buy bitcoin.
Best,
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