BTC is likely to take another dip. We will possibly hit 2.5k soon.
Note
We're one day off the possible 33% decline which turned out to be a pseudo signal. BTC has had some good suppport. Holding steady in the mid bollinger band, seeing a slight spike above 4k. RSI on the hourly chart shows we are currently overbought, as we correlate that with the day chart we're seeing a slow down in buying. I believe we're still bearish it's just a matter of time before the convergence takes place. Let's check back within another 10 days and see where we are.
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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.