BTC value has managed to keep the support at $6800, could it be a sign for a following uptrend?
After almost a week (10/05 - 15/04) of borderline fluctuations up and under the support, BTC seems to have be able to break out from that band.
Taking into account RSI and MACD indexes' behaviours, there may be a signal predicting a bullish trend.
If this was the case, then the next target resistance to be reached could be around $7800-$8000, considering how BTC has behaved over the past month.
After almost a week (10/05 - 15/04) of borderline fluctuations up and under the support, BTC seems to have be able to break out from that band.
Taking into account RSI and MACD indexes' behaviours, there may be a signal predicting a bullish trend.
If this was the case, then the next target resistance to be reached could be around $7800-$8000, considering how BTC has behaved over the past month.
Note
Also, take a look at how BTC has behaved in comparison to my BTC Trend Forecast from 31/03 by checking the graph at this link:
Although the bearish trend has been less intense than I predicted, the current situation is aligned to the forecast I made. What is your opinion?
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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.