Notice RSI index and stochastics correcting, bollinger bands have touched the top (another signal towards a correction). We will test resistance but it is possible the bears that have entered the markets, along with a bubble (note it is possible for an asset to both be in a bubble and undervalued), will move BTC down to normalized levels.
I am expecting a fall to 16000 until further resistance is tested, perhaps a fall to 14,000 over the next 1-2 weeks
I am expecting a fall to 16000 until further resistance is tested, perhaps a fall to 14,000 over the next 1-2 weeks
Comment:
CCI* and MACD* signals, stochastics however also signal overbought