By observing the chart, we can see that the price rose from 75750 to 81000 points, and then adjusted slightly. After that, the price rose strongly to the 87700 support level. The price then began to trade within the pennant pattern, then broke through the 87700 level, and then tried to rise further, but failed, and traded between the levels for a while. Then BTC...
BITCOIN is trading in an
Uptrend and the pair is
Now trying to make a
Breakout of the key
Horizontal level of 93k$
So IF the breakout is
Confirmed we will be
Expecting a further move up
Buy!
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2,634.92.
The above observations make me that the market will inevitably achieve 2,574.59 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in...
If we look at the chart, we can see how the price started falling inside the descending channel and then fell to the resistance level, coinciding with the resistance zone. The price traded in this area for a while and later broke through 2735 points, after which it fell to almost the support line of the channel, and then turned around and rose to the resistance...
