BTCUSD...WHATS NEXT FOR BITCOIN
Im just playing around this. This could be a symmetric triangle on the 4 hour chart. Price can possibly range until it reaches apex of the triangle.
Major bearish divergence on the RSI. Price has broken 50 level, but wasn't a deep penetration. Currently price is testing the 50 level as resistance. I am bullish on bitcoin long term, I would like to see price break 50 level resistance. if price can break through that level, possible push to 6900 is in play.
Feel free to share your thoughts about Bitcoin price action.
Major bearish divergence on the RSI. Price has broken 50 level, but wasn't a deep penetration. Currently price is testing the 50 level as resistance. I am bullish on bitcoin long term, I would like to see price break 50 level resistance. if price can break through that level, possible push to 6900 is in play.
Feel free to share your thoughts about Bitcoin price action.
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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.