Bitcoin seems to please its investor as the halving approaches.. On the daily chart of #BTCUSD, important points draw attention..
First of all; Bitcoin is in overbought position on the daily chart .. Stoch RSI and RSI are at the overbought level, also the coppock curve has been at such a high level for the first time in a long time.. Although there is no clear sell signal yet, I think investors should be careful in Bitcoin .. I firmly believe that, we are about to see the leading signals of price drop .. I marked important levels on the chart, significant resistance is at $ 9500 and major support is at $ 7990..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
First of all; Bitcoin is in overbought position on the daily chart .. Stoch RSI and RSI are at the overbought level, also the coppock curve has been at such a high level for the first time in a long time.. Although there is no clear sell signal yet, I think investors should be careful in Bitcoin .. I firmly believe that, we are about to see the leading signals of price drop .. I marked important levels on the chart, significant resistance is at $ 9500 and major support is at $ 7990..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..