BTCUSD has been in a clear uptrend for around 8 days at this point. It has reversed the previous downtrend on July 27th, 2019.
BTCUSD is now testing a resistance level at 11,099 with OBV sloping slightly upwards and RSI indicating slightly more juice left to give in the fight.
It is important to keep an eye out at price movement around this level. If we see a rejection, we might see another downtrend replicated as during July. If it breaks through we might witness levels in the high 11,000's, eventually testing the previous high of 13,200.
BTCUSD is now testing a resistance level at 11,099 with OBV sloping slightly upwards and RSI indicating slightly more juice left to give in the fight.
It is important to keep an eye out at price movement around this level. If we see a rejection, we might see another downtrend replicated as during July. If it breaks through we might witness levels in the high 11,000's, eventually testing the previous high of 13,200.