BTC - Momentum is there but it need more to break the resistance
BTC Daily analysis:
BTC is out of red cloud and is facing trendline resistance at current price. It happens to be at upper band of bollinger band.
It might take support at 8800 which is the trendline support, EMA 20 support as well as possible RSI support.
Actually all this barely matters if we consider upside trend, excitement about BTC halving, good volume in the market.
This all is making everyone guessing for what will happen next. Lets see.
I am biased towards upside than downside.
BTC is out of red cloud and is facing trendline resistance at current price. It happens to be at upper band of bollinger band.
It might take support at 8800 which is the trendline support, EMA 20 support as well as possible RSI support.
Actually all this barely matters if we consider upside trend, excitement about BTC halving, good volume in the market.
This all is making everyone guessing for what will happen next. Lets see.
I am biased towards upside than downside.
Note
This is how it looks in weekly
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.