We had a great run from the past week, BTC broke 13K level and almost touch 16k. Now the price has been consolidating around 15K area, what shall we expect?
Weekly: strong up trend momentum, I think we might have one or two upside potential before top off this cycle, if you compare the RSI level to 2016, 60% chance i will say.
Daily: Traders are taking profits right now, expect to see consolidation for the next few days or weeks. Then we wait to see the price either break out upwards or downwards from there.
1hr: I plot the 1hr here, the rectangular area is the place I will pay close attention, if the price does not breach below it, we have higher chances to get another push up in the coming weeks.
Weekly: strong up trend momentum, I think we might have one or two upside potential before top off this cycle, if you compare the RSI level to 2016, 60% chance i will say.
Daily: Traders are taking profits right now, expect to see consolidation for the next few days or weeks. Then we wait to see the price either break out upwards or downwards from there.
1hr: I plot the 1hr here, the rectangular area is the place I will pay close attention, if the price does not breach below it, we have higher chances to get another push up in the coming weeks.
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