Why do I think 28k is the maximum for BTC in this momentum
BTC in 2020, as in 2017, was strongly correlated with the movements on the DXY dollar indicator. As you can see on the DXY chart, we are approaching a strong resistance, which, similarly to 2017, stopped the further weakening of the dollar, which resulted in BTC beginning its long correction. Now we are in a similar place where several significant signals are superimposed.
The first is exhaustion on the M1, W1, D1 axes, which means that there is a lack of energy for further increases on the higher timelines, which may translate into a long consolidation or correction.
The second is the MACD which indicates a trend reversal from uptrend to corrective.
The three are just the DXY indicator, which is approaching the demand region, but it still has a 1-2% decline, so I believe that BTC will post its maxiumum at 28k. It's just my opinion.
The first is exhaustion on the M1, W1, D1 axes, which means that there is a lack of energy for further increases on the higher timelines, which may translate into a long consolidation or correction.
The second is the MACD which indicates a trend reversal from uptrend to corrective.
The three are just the DXY indicator, which is approaching the demand region, but it still has a 1-2% decline, so I believe that BTC will post its maxiumum at 28k. It's just my opinion.
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