BitcoinUpdated BTCUSD - Bullish Exhaustion
As I said on my previous analysis, price rose up to 10k after breaking through the overhead resistance. Price will pullback now. Bearish short/mid term but bullish longterm imo.
Notes:
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Notes:
- RSI heavily overbought
- Volume declining despite the rise in price (bullish exhaustion)
- Volume is not as high as previous price spikes
- Short term correction, Bullish longterm?
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Huge volume spike due to price hitting take profit regions and thus pushing the price back down. Expecting the price to keep tanking.
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