BTC Trend Forecast 31/03 - Update
Over the past two days, BTC has grown in value, but it seems unlikely for it to break the resistance around 7000$ yet.
The RSI is trending up, however its increase looks likely to be just temporary, also considering how the MACD chart is setting.
If BTC value (as well as RSI) will bounce again and continue its downtrend, it could be a sign of retracement.
In that case, my previous analysis could hold and be a good predictor of BTC future behaviour.
Otherwise, this could be the start of a more durable downward trend.
What's your idea about it?
The RSI is trending up, however its increase looks likely to be just temporary, also considering how the MACD chart is setting.
If BTC value (as well as RSI) will bounce again and continue its downtrend, it could be a sign of retracement.
In that case, my previous analysis could hold and be a good predictor of BTC future behaviour.
Otherwise, this could be the start of a more durable downward trend.
What's your idea about it?
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