$BTCUSD - what's next for BITCOIN
BTC looks like it has entered into an accumulation phase and could be close to making a move upward.While it does look like it is forming a head and shoulders pattern, the neckline support area of $91-90K has been holding strong while MACD and RSI are leveling off. At the same time, the OBV and accumulation distribution are making higher lows, showing signs of accumulation.
Breaking above 100K could see further upside to the 120K area, while breaking below 90K could lead to a breakdown to the 85K area.
I am currently leaning bullish as long as the oscillators continue to hold up.
IBIT
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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