BTC Trend Update 17/04
Updated
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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