Bitcoin: next weeks
Updated
if we get a daily close above 1st resistance @ 6.9k, i expect another move up to major resistance @ 7.8k.
at this level is big resistance also from major moving averages, the 21 weekly, 50 and 200 daily, all @ 7.8k-8.0k level.
from there i expect a big move down (in 2 or 3 swings), testing the previous lows, maybe together with another stock market dump.
i guess that Bitcoin won't make a new low, but bounce at the previous-low-candle's body-low.
at this level is big resistance also from major moving averages, the 21 weekly, 50 and 200 daily, all @ 7.8k-8.0k level.
from there i expect a big move down (in 2 or 3 swings), testing the previous lows, maybe together with another stock market dump.
i guess that Bitcoin won't make a new low, but bounce at the previous-low-candle's body-low.
Note
maybe Bitcoin makes a new low with the candle body close, but not the wick @ 4.5k ish region and forms bullish divergence with RSI (1st RSI low 15, 2nd around 25)
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