Trying to predicts the patters of bitcoin is difficult. Wanted to try a little bit. I believe we will make a Bullish symmetric Triangle to cool off in. This is because the daily looks like it could move back up on the RSI and the monthly and weekly also look like they wanted to move up. This cool off will help push us back to 12.3k. I am a bit more bullish than bearish but if we move to 12.3k I imagine a huge sell off.
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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.