BTC can move higher
Updated
#BTC 1d
On a 1-day scale, the market continues to follow the scenario that was published a week ago. At the moment, it is noticeable that the bulls are trying to push the price higher: Stoch RSI pushed off the oversold zone and moves up, MACD will soon show an intersection that will also have a positive impact on price growth. RSI, touching the oversold zone, starts to move up. The asset is ready to grow to the top of the template (although within the reduction correction, although in the case of building a new wave of growth).
On a 1-day scale, the market continues to follow the scenario that was published a week ago. At the moment, it is noticeable that the bulls are trying to push the price higher: Stoch RSI pushed off the oversold zone and moves up, MACD will soon show an intersection that will also have a positive impact on price growth. RSI, touching the oversold zone, starts to move up. The asset is ready to grow to the top of the template (although within the reduction correction, although in the case of building a new wave of growth).
Note
On a 1-day scale, in the previous range, the script we have previously voiced continues. At 30 minutes it is clear that the upper limit of the range of strong resistance could not be broken, but the local support of the 6270 is doing its job well. If during the day the market continues to hold at current levels, then further we can observe another attempt to overcome the range of 6450-6640. The 2-hour scale adds the possibility of a negative scenario, since the downtrend is a strong resistance, the market may need a reduction in volume before another attempt to break above, and as they said yesterday, this could lead to further decline in the short term. In case of local support breakdown of 30-minutes, the market will again strive for levels 6000 and 5880.
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