My opinion in BTC price is that we can expect rise of the price to 5800 USD. Because of RSI level which shows that BTC is overbought right now I think the level of 4300 USD will be retested. There is also indicator Bulliger Bands that shows price is now very volatile so anything can happen. My personal opinion is that it is best to wait for few days to see how market will react to big buy of BTC previous week. I am almost certain we will touch 5800 USD by the end of this week. I think that we already hit bottom and we will see CryptoSummer soon.
I am fairly new to technical analaysis so any comments and critics are welcome. Before I started doing TA and trading, I did a lot of fundamental analysis so I am not new to crypto just TA :).
I am fairly new to technical analaysis so any comments and critics are welcome. Before I started doing TA and trading, I did a lot of fundamental analysis so I am not new to crypto just TA :).
Comment:
Price didnt drop to 4300 USD level, but it has retested 5000. RSI chart still shows oversold BTC. I expect BTC rise to 5800 USD soon. Also we probably didnt fall to 4300 as I predicted due to good informations about crypto space (facebook coin funding, IMF and world bank launching token...)
Comment:
Target of 5800 remains untouched even though BTC/USD rise to almost 5600
Comment:
Target of 5800 hasnt been hit, expect drop in price to 4300 lvl.