With the Stochastic RSI topping out at 99.5/99.5 on 15th April, along with a healthy 58.7 on the RSI, it appears inevitable that the next seven days will finally see the long-anticipated testing of the 6000USD barrier.
I don't expect there to be enough momentum to get below 6000 (and we may even get stuck around 6800USD), so this could be an excellent entry point to the market, as we will soon be pushing well up above $10k and saying goodbye forever to ever being below that.
Please hit the thumbs up if you agree or tell me in the comments why you don't. This analysis is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
I don't expect there to be enough momentum to get below 6000 (and we may even get stuck around 6800USD), so this could be an excellent entry point to the market, as we will soon be pushing well up above $10k and saying goodbye forever to ever being below that.
Please hit the thumbs up if you agree or tell me in the comments why you don't. This analysis is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.