Bitcoin to $16.500?
We are currently facing the resistance of the 200 hour exponential moving average.
We are in a falling channel structure and we have experienced the lower band of this structure only once.
Considering the structuring of the Stochastic Relative Strength Index, if the next retest situation in the aforementioned lower band is considered, it seems likely that we will price $16,500.
We are in a falling channel structure and we have experienced the lower band of this structure only once.
Considering the structuring of the Stochastic Relative Strength Index, if the next retest situation in the aforementioned lower band is considered, it seems likely that we will price $16,500.
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.