Recently, the BTCUSD reached a low point, I would consider this a resistance point. The price had been falling for a while. And now, it seems to try to bounce back.
As we can see, the price entered a platform, and the Bollinger Bands has shrunk since then. The price could make a big change in the near future when the Bollinger Bands shrink.
The MACD has been rising mildly since the price entered the platform, which means the price has been in an upward trend.
The RSI is also showing a bullish signal, as we can see, it is in an upward trend.
Let’s expect the price going up.
As we can see, the price entered a platform, and the Bollinger Bands has shrunk since then. The price could make a big change in the near future when the Bollinger Bands shrink.
The MACD has been rising mildly since the price entered the platform, which means the price has been in an upward trend.
The RSI is also showing a bullish signal, as we can see, it is in an upward trend.
Let’s expect the price going up.
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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.