BTC/USD TA Update (Bullish RSI Sign?)
BTC/USD
Bitcoin is already touching the key resistance area but still has room to go up as the ascending trend-line resistance of this upward channel is still 4-5% more.
The RSI is painting as a bullish inverse H&S pattern and barely entering the overbought conditions.
We know Bitcoin loves to move in a parabolic uptrend, we can't remove the fact that the price may overshoot this resistance area.
Always be cautious as we are in the decision time today.
Bitcoin is already touching the key resistance area but still has room to go up as the ascending trend-line resistance of this upward channel is still 4-5% more.
The RSI is painting as a bullish inverse H&S pattern and barely entering the overbought conditions.
We know Bitcoin loves to move in a parabolic uptrend, we can't remove the fact that the price may overshoot this resistance area.
Always be cautious as we are in the decision time today.
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