Bitcoin is still bullish
Hi dear friends,
According to our last analysis (see below the related ideas), we are still in a bullish trend which started with a breakout in the RSI downtrend. Since then, we have experienced many fluctuations, but the RSI was not ever broken to the down again, and the overall movement has been bullish. We almost moved along the expected trajectory.
Now in the short term, we will have a resistance at ~ $37880, which is in the intersection of a static and dynamic resistance. If we can pass this resistance strongly with confirmation (which I think is very probable, because of what volume patterns show), we can expect continuation of the bullish movement towards next resistance levels (this can happen quickly). Otherwise, we should expect a correction to ~ $35000 level.
Let's see what happens next,
Good luck!
According to our last analysis (see below the related ideas), we are still in a bullish trend which started with a breakout in the RSI downtrend. Since then, we have experienced many fluctuations, but the RSI was not ever broken to the down again, and the overall movement has been bullish. We almost moved along the expected trajectory.
Now in the short term, we will have a resistance at ~ $37880, which is in the intersection of a static and dynamic resistance. If we can pass this resistance strongly with confirmation (which I think is very probable, because of what volume patterns show), we can expect continuation of the bullish movement towards next resistance levels (this can happen quickly). Otherwise, we should expect a correction to ~ $35000 level.
Let's see what happens next,
Good luck!
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