FOMO price increase, create new ATH

💎 Update Plan BTC weekend (July 11)

Continuously creating a new ATH, preparing to have a short sale?

The reinforcement of Bitcoin price around the upper boundary of the previous consolidation area was broken at $ 108,355, which ended on Wednesday. The price has soared to the highest level of the new time of $ 116,868 on Thursday. At the time of writing on Friday, the price is fluctuating above $ 116,600.

When BTC entered the price exploration regime and if the trend of increasing continues, the price can expand the momentum to an important psychological level of $ 120,000.
Technical analysis angle

Our community has continuously chose the trend of increasing as the mainstream for all previous transactions and currently preparing to welcome 120k as forecast.
The relative power index (RSI) on the daily chart reaches 71, higher than the excess buying 70, showing a sharp increase. However, traders should be cautious because the ability to adjust the decrease is very high due to over -purchase. Meanwhile, the average divergence dynamic indicator (MACD) has shown a price intersection at the end of June. The indicator also shows that green histograms are increasing on neutral zero, showing that the rising momentum is being strengthened and continues to increase.
However, if BTC must be adjusted, the price may extend the decline to search and support around the upper boundary of the unified area that has been broken earlier at $ 108,355.

Plan has been constantly accurate in the past 2 months, which is the positive signal of the channel that brings value to the community.

Please follow the channel to receive accurate scenarios about gold and BTC

==> Comments for trend reference. Wishing investors successfully trading