BItcoin Analysis: Trouble ahead?
The previous Bitcoin analysis did put the current price action in proper perspective, and is crucial to the future progression of Bitcoin.
Price action remains within the range anticipated, maintaining a sideways channel from ~$6885.70 and $6,190.30. The 6 hour time frame Relative strength index (RSI) does favor more bearish momentum, which implies the possibility that support will be tested.
A break below $5,839.30 = more selling to come.
Price action remains within the range anticipated, maintaining a sideways channel from ~$6885.70 and $6,190.30. The 6 hour time frame Relative strength index (RSI) does favor more bearish momentum, which implies the possibility that support will be tested.
A break below $5,839.30 = more selling to come.
Related publications
Disclaimer
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.