After the recent breakout, BTC is consolidating at $8,900 which is the current level of upward resistance. The next major resistance levels to pass to the up side is the 100 day moving average at $9,500 and then the $10,000 psychological mark. If BTC can get above the $11,500 mark, I would consider us back in bullish territory.
If this breakout holds, the next major top for BTC will be around $28,000 this summer.
If this breakout holds, the next major top for BTC will be around $28,000 this summer.
Note
I forgot to add that there is still room to push higher on the most recent uptick before we hit the top of the RSI levels and become oversold. I can easily see us head up to $10,000 soon and then consolidate for a bit before the next run.
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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.