After the recent breakout, BTC is consolidating at $8,900 which is the current level of upward resistance. The next major resistance levels to pass to the up side is the 100 day moving average at $9,500 and then the $10,000 psychological mark. If BTC can get above the $11,500 mark, I would consider us back in bullish territory.
If this breakout holds, the next major top for BTC will be around $28,000 this summer.
If this breakout holds, the next major top for BTC will be around $28,000 this summer.
Comment:
I forgot to add that there is still room to push higher on the most recent uptick before we hit the top of the RSI levels and become oversold. I can easily see us head up to $10,000 soon and then consolidate for a bit before the next run.