Bitcoin / TetherUS

Thoughts on direction of BTC price over the weekend

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Here are my thoughts on what BTCUSDT price might do over the weekend. It is possible that BTC will bounce between the resistance/support lines of $6900 and $6500 that have created a channel. If it breaks resistance of $6900 it might go up to test the downward trend line then dip from there. If it drops below the support of $6500 then it might go towards $6400 or $6200 and bounce from there. Probably moving sideways until the big volumes come back at the start of trading on Monday. But I could be wrong... I did a quick traded before when I saw the bounce at bought in at $6675, sold at around $6850 when I saw Stochastic and RSI showing overbought conditions in 1min/15min timeframes with bearish divergence. Now I'm out in fiat and just watching, probably not worth buying back into BTC just to make 150-200 points. But will see what price does and might change strategy.

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