BTC potential push to 14,400 before major correction
You can see within the channel, 14,400 would be a reasonable target if BTC continues to follow the previous patterns.
The previous two runups have ended with BTC finishing on a clear RSI bear divergence. This has not happened yet on this current runup. This leads to a likely hood that we will see a small runup to target zone before a correction following daily divergence.
My first target for correction is ~12,500 (retest of previous run high)
The previous two runups have ended with BTC finishing on a clear RSI bear divergence. This has not happened yet on this current runup. This leads to a likely hood that we will see a small runup to target zone before a correction following daily divergence.
My first target for correction is ~12,500 (retest of previous run high)
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.