BTC Weekly RSI Bounce
From the chart, we can see that every time BTC bounces of the 52.80 on the weekly it is followed by a large run upwards.
RSI looks like it has broken the symmetrical triangle, with a target of the 89.09 level.
We could reject of the 70.0 resistance for another re-test of the 52.80 before the last leg upwards.
RSI looks like it has broken the symmetrical triangle, with a target of the 89.09 level.
We could reject of the 70.0 resistance for another re-test of the 52.80 before the last leg upwards.
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.