Looks to be like $6500 was the low. If people think they can short bitcoin under $6500 they're going to keep buying higher. Near term there looks to be bearish divergence on the MACD and RSI. BTC should be able to hit the log cartel line around $8500. Laddering in the mid $7000 range looks like that will be as low as BTC will go. After that minor push down BTC will break the log cartel line, and it will keep climbing higher. All the bears will be rekt in May.
Note
4hr MACD is about to swing up. Looks like BTC will be testing that downtrend line very soon
Note
On the daily the RSI needs to break above 60 as 1 of the confirmations to be in a bull market
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.